Will an IVA affect my business?
Unlike bankruptcy, with an IVA:
- there is no requirement to cease to trade
- a partnership does not have to be dissolved
- there is no requirement to inform creditors of the IVA if you incur credit of over £500
- you can continue to act as a director in a business
However, your name will appear on the insolvency register which is available online and the IVA will affect your credit rating.
Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Leeds Debt Advice Helpline on free phone 0800 169 1536
If you would like to speak to one of our Leeds Money Advisers directly please call 0113 237 9503 or call to book a face to face meeting with an advisor or enter your telephone number and contact details in the box below and we will call you back as soon as possible.