Hi. I have a situation I'd like some guidance on. If someone has been in an IVA previously, but is now settled and a completion certificate has been issued and the party in question currently has some defaults on credit cards, would they still be in a position that they could become a partner of a limited company? I understand that they can become a partner with the IVA part, but I can't find an answer as to whether the current defaults would cause any issues.
Thank you for any help
Your personal credit rating may have an impact on the ltd company dependent on the situation.
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.
