Myself and my company was approved an IVA in March, we have some equipment that is leased (Pre IVA) and we are struggling with payments. Could this lease agreement be cancelled under the grounds of the IVA?
It depends on the terms of the lease agreement, not on the fact that the IVA exists. Cancellation might produce further debts which may derail the IVA. You need to check the fine print on the agreements, then discuss with your IP.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk