Posted: Sat Mar 15, 2008 8:20 pm
A friend has entered into an IVA. She has subsequently become a Director of a new company and registered the fact in Companies House. She is already a director of six companies. Has she done wrong?
Hi MBS
The IVA will not effect her position as a director of a company, however it will probably effect the credit rating of the company.
In Bankruptcy you are not allowed to be a director of a limited company.