They still ignore our calls and we are desperate.

[ray_a]

Hi Deborah

Noticed that you intend to continue with your limited company. There could be a lot of problems with your financial position in that as you stated you would not be able to stay as directors. Therefore you would need to find someone to run the company as employees and you would have to show that you are not involved in running the company on the basis of shadow directors.

In addition, it is believed that there will be some serious tax changes to the treatment of dividends to companies as they are avoiding the national insurance contributions and it may be that the present tax advantage will not be around for much longer. It may be better to look at other forms of trading given your situation.

In saying that good luck!

[MelanieGiles]

Debbie

You run the risk of a "he said, she said" scenario if you formalise a complaint against the IP. Perhaps it would be best to let the first IVA fail, get some breathing space and then think carefully about how to proceed thereafter. One step at a time, and you can always file a complaint at a later stage when your position might be more certain.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp