Can I be a director whilst in an IVA?

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Post by Joolz46 » Sun Sep 05, 2010 5:58 pm
My husband and I are 3 years into our IVA and are coping ok - no missed payments at all etc. I have been approached by a major organisation whom I have worked with over a number of years to become a director and set up a new department for them. Can I actually be a director whilst in an IVA?

Adam Davies

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Post by Adam Davies » Sun Sep 05, 2010 6:06 pm
Yes you can.
Will you be taking shares in the company or will the director status be a job title only ?
Andam Davies


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Post by MelanieGiles » Sun Sep 05, 2010 8:58 pm
Yes you can act as a director of a limited company so long as the Articles of Association allow this. Best to get a copy from Companies House at an early stage, in order you need to have discussions with the existing board in advance. This provision can be changed, but only with a majority resolution.
Regards, Melanie Giles, Insolvency Practitioner
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