I have my own business and am currently paying £190 per month for a debt managanement programme, (personal debts) if i was to go down the route of an IVA would i still be able to trade in my business?
I believe that IVA's were introduced to help folk with their own business's so cant see any reason why not. Have a chat with an Insolvency practitioner regarding your situation. Good luck.
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
There should be no reason why not - but you are paying quite low contributions, and with an unsteady income stream you may find it difficult to persuade an IP to take your case on. Worth having a chat with a practitioner though - as there are a number of firms who will take on smaller cases.
There are quite a few firms who will take on cases where the monthly contribution is as low as £150 per month. Visit www.iva.com and you may be able to find reviews on one or two of them. Good luck.
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.
