what are requirements for self employed ?

[bravo_london]

hi friends,
i just want to know, what r requirments for iva if a person is self employed ?

[Andrew Graveson]

Hi bravo,

There are IP's who specialise in cases for the self-employed. Employed cases tend to be more straightforward.

Melanie is one of those specialists and I'm sure she'll be able to answer your questions for you very soon.

Andrew Graveson
Mortgage Broker & Bright Oak Debt Management
andrew@brightoak.co.uk
www.brightoak.co.uk

[MelanieGiles]

Hi bravo and welcome to the forum

The requirements are exactly the same as if you were employedL-

1 A real desire to pay your creditors as much as you can afford over a realistic time period
2 An ability to fund regular monthly contributions - so to this end you must have a viable business which is capable of making profits to substantiate the payments
3 A willingness to keep up to date with the filing of all post-IVA tax and VAT returns

And you will need to choose an IP firm with experience of self-employed cases. Not all of them do this sort of work.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[Oliver]

You will likely need to show your Trading accounts for the last 3 years (if applicable), your latest Tax Statement and and will then complete a future trading projections document with your IP.

Best Regards
Oliver

Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at: www.thomascharles.com/about_us.asp