It will blight your credit files and you will not be able to get credit. Yes, you can start your own business, but, again, you will have to operate with suppliers on a cash only basic ( no credit accounts). You will also have to be pretty confident that the business income will support the IVA payments.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Your credit rating will be shot for six years from the start and your name will be on the Insolvency Register.
If you are able to find someone to finance you then you could start your own business.
If you have not spoken to anyone then I suggest your ring some companies - Vincent Bond (details under the expert link on the left hand side of the road) can be spoken to for some free advice.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
