Hi. I wondered if someone may be able to offer some advice. I understand someone that is in or previously been in an IVA can become a director of a limited company, but what if the party in question has current defaults on their credit file? The IVA has been completed for some time now, but is still on their credit history.
Thank you
This should not affect holding a directorship but will impact on their credit file. This could cause problems in the event of personal guarantees being required but other than that I see no real issue.
If the company needs access to a bank account or lending based on their credit worthiness then there will be issues.
Also, larger the company more issues linked to key man principle.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
You also now cant be a director of certain public sector organisations if in an IVA or BR.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
