Many thanks for info Melanie (and inaiva). Yes I have personally guaranteed overdraft but the account has kept running smoothly - the only problem is the reduction in business due to current climate. I will be realistically monitoring my situation on a weekly basis and if I feel a possible IVA comin...

I understand that all creditors have to be included. Does anyone know if an IVA will affect the normal running of a business bank account(Limited company), which has an overdraft facility[?].