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Iva and further credit.
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apparently The insolvency practioner needs to give express permission to take out further credit in connection with Ivas. if a facility for credit existed before the Iva was taken out (credit card) but not used until recently for a new veihcle to continue in buisiness, what would the implications be if the Iva company was told by the card holder that he had used the facility for a good reason, but had simply forgotten to tell them of its existence.
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The company administering the IVA have the legal right to apply for a bankruptcy order to be taken against the people mentioned in the IVA.
I imagine that before the IVA was put in place that all credit cards/agreements would need to be declared, therefore the card users could be in breach of the agreement.
I imagine that before the IVA was put in place that all credit cards/agreements would need to be declared, therefore the card users could be in breach of the agreement.
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