Hi
i would appreciate your advice
i am a sole trader and about to submit to an IVA i am on wft credits to top up my low income i have no assetts i am a tennant and own lloyds tsb almost 40.000 of a 75.000 in unsecured loan
if i kept my business as it would generate a larger income once i am on a sensible payment plan which in turn would top up my iva payment..... do you think it will be accepted
You would need to submit details of all your personal and business debts plus copies of your business accounts and cash flow/budget projections to an IP before any advice could be given. Visit www.iva.com and see reviews of practitioners and select one or two to have a chat. The advice is free and you will get the answer.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
