Thanks Melanie. I will speak with the accountant today and try and find out if the IVA is likely top value his share of the company at the value of the assets or the value of the future earnings. I'm not sure of this. If i legally buy his share of the company via the accountants guidance before the ...

I found out yesterday that my stepdad has debts of around £80,000 which have been built up over many years.The majority of these were built up prior to us starting is business together. 3 Years ago we both setup a limited company,he has 51% and myself 49%. Both are directors. I funded the company fr...