IVA when in Business

Options

Emie Posts: 1 Newbie

12 January 2009 at 7:25PM in IVA & DRO

Hi

I have a shop, which is leased and a number of suppliers who I am paying for stock. I have just been informed that if I go on an IVA then all my creditors (including suppliers) will need to be informed - this may affect my business so not an option I want to take.

DOes anyone know that if I go on a DPA, do my suppliers need to know? I am a sole trader, renting a house with about £45k of debt.

HELP!!

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

MSE News

Santander to cut rate on popular 5.2% easy-access savings account on 20 May – should you switch now?
Santander is cutting the rate on its popular easy-access savings account from 5.2% to 4.2% on Monday 20 May. But you can easily beat the new 4.2% rate by switching elsewhere.
Subway customer? You've ONE WEEK left to use your loyalty scheme points before shake-up – here's what's happening
If you're a Subway Rewards member, you have until the end of Tuesday 14 May to spend any points you've built up – or lose them entirely.
Save on brand-new clothes... by buying them second-hand
Second-hand shopping has grown in popularity, both online and in charity shops. But what some don't realise is that you can often find BRAND-NEW clothing on second-hand sites. Not only can this save you money, but it's a more sustainable option for the planet too.
Tesco shopper? You've got four weeks to spend £17 million of expiring Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check when your vouchers are due to expire as there's just four weeks left to spend or extend nearly £17 million-worth before they run out on Friday 31 May.
Tesco shopper? Check if you can earn up to £50 in bonus Clubcard points with its limited new offer
If you have a Tesco Clubcard, you may soon be able to earn up to £50 in bonus points, as the supermarket is trialling a limited new promotion called 'Clubcard Challenges' for some shoppers.
Standing charges, broken smart meters and more – Energy Secretary responds after Martin Lewis raised critical issues
Energy Secretary Claire Coutinho has responded to calls from MoneySavingExpert.com founder Martin Lewis to address high standing charges, fix broken smart meters and tackle the lack of competition in energy switching.
Royal Mail waives £5 penalties for some amid crackdown on fake stamps – here's what to watch out for
Royal Mail is temporarily waiving its £5 penalty fee for anyone who receives a letter with a fake stamp on it while it takes fresh action against counterfeits. It's also developing a new tool that will help people to check whether a stamp they've bought is legitimate before using it.
The downshift challenge: Can Home Bargains beat both Tesco AND Aldi?
I love a good coupon, but what's a girl to do when there aren't any suitable for your shop? Downshift your shop, that's what!
Nationwide urged to "give members a say" over proposed Virgin Money takeover as thousands sign petition calling for a vote
Over 4,700 people have signed a petition calling on Nationwide – a building society owned by its customers, who are known as members – to let them vote on its decision to buy rival lender Virgin Money.

View All

IVA when in Business

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free