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Posted: Fri Aug 15, 2008 1:06 pm
by anne.m
Is it possible to be a company director after applying for an I V A ?
( This enquiry is not for me)
Posted: Fri Aug 15, 2008 1:57 pm
by MelanieGiles
Hi Anne and welcome to the forum
Yes you can act as a director after applying for an IVA, but the person concerned would need to advise their IP of this new appointment.
Posted: Fri Aug 15, 2008 2:04 pm
by Blair Endersby
anne
there is no legal bar to being a director and in an IVA but the person would need to look at the contract and the articles of the company as there may be a restriction there that prevents a director being in an IVA or making a compromise with their creditors.
Posted: Fri Aug 15, 2008 6:54 pm
by MelanieGiles
The Articles could be easily changed to amend this point if it was an issue.