Search found 5 matches

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by AgentJ
Tue Jun 12, 2018 8:32 am
Forum: Ask IVA Forum and Industry experts
Topic: Online banking access withdrawn
Replies: 4
Views: 2613
Some banks do mistakenly treat an IVA in the same way as BR, but usually restore access when corrected. Freezing accounts is a matter of BR regulations, rather than the banks policies. However, this bank seem to be taking an unusual approch (unless it is HSBC or First Direct, who often do this). It...
by AgentJ
Tue Jun 12, 2018 8:16 am
Forum: Ask IVA Forum and Industry experts
Topic: Online banking access withdrawn
Replies: 4
Views: 2613
Good morning I recently entered into an IVA, where 3 accounts with one of my banks fell outside of the agreement due to being secured (mortgage etc) and a business account. There are no overdrafts or loans in place with them. So the bank in question were not affected. Once notified of the IVA howeve...
by AgentJ
Thu Nov 30, 2017 8:15 am
Forum: Ask IVA Forum and Industry experts
Topic: Newbie considering IVA as Sole Trader
Replies: 5
Views: 1792
Thank you for all your replies and helpful information. I have actually been in touch with an IP who says the my creditors will be my employees and landlord as a minimum. My business suppliers are on a cash basis and my business rent is paid up in advance. I am exempt from business rates and have no...
by AgentJ
Thu Nov 23, 2017 8:02 am
Forum: Ask IVA Forum and Industry experts
Topic: Newbie considering IVA as Sole Trader
Replies: 5
Views: 1792
If you are a sole trader ALL the liabilities are YOURS - including any outstanding money to employees. If you had been a Ltd company it would have been different. If you go into an IVA then your credit rating will be trashed and your IVA will be public knowledge as you will be listed on the Insolve...
by AgentJ
Tue Nov 21, 2017 5:15 pm
Forum: Ask IVA Forum and Industry experts
Topic: Newbie considering IVA as Sole Trader
Replies: 5
Views: 1792
Hi This seems like a fantastic forum where I can see lots of help and support offered. After speaking to a really helpful IP for over an hour today, I’m now considering applying for an IVA to avoid bankruptcy. Lots of things to still think about... I would like advice please on what information is i...
Search found 5 matches Page 1 of 1