the interest is more then the repayments

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dle

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Post by dle » Thu Feb 07, 2008 3:28 pm
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i have approx £18000 of debt and am in a situation where the interest is more then the repayments. i would like to go for an iva but i do have a sole trading company, will this be affected by the iva or is it a total seperate issue
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Adam Davies

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Post by Adam Davies » Thu Feb 07, 2008 3:39 pm
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Hi
Is it a limited company or are you a sole trader ?
If it is a limited company then that will be kept seperate but if you are a sole trader any business debts including overdraft will have to form part of your IVA.
Regards
Andam Davies
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