Hello, I am involved in IVA since last year, I am self employed for 6 years, my Profit from self-employment in 2018-20I9 was £7843. Can I appy for bounce back loan please? Thank you
Not 100% sure but I would doubt it. You are not allowed more than £500 credit without permission of your IP. How would you manage to pay it back?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
BBL is not credit checked but will be based on the turnover going through your bank account - not what your profit was.
If you are self-employed, rather than limited, you will probably have to check with your IP, especially if the money went into your personal bank account.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.