I may not be able to renew my lease. If I have an IVA, what happens then? My "unemployment" would result in bankruptcy I need to pre-empt my position. I have to do that as par for the course in business, but no-one seems to know how the O.R. would operate. Could I keep my income going in bankruptcy,...

Hi melanie Sorry for delay, computer old and crashing! Thank you for your response. It's a small play centre for children. It's affected by seasonal fluctuations regards income. I lease everything. Stock is food drink and confectionary, replenished every week according to sales. I take advanced book...

I've got huge debts, (£140,000 and interest bearing!)I am a sole trader. I closed a business down last year to limit losses, but still have another much smaller one running. Most of my debts occurred with the one I closed, but the current one cannot support the debt repayments. I am filing for BR in...