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I have an Individual Voluntary Arrangement – Can I be a Company Director?

Yes, you can be a company director. However, if you have been separately disqualified by the Insolvency Service from being a director then the answer will be no. 

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You can be a company director unless you are an undischarged bankrupt or you have been disqualified from being a director by the Insolvency Service. An Individual Voluntary Arrangement (“IVA”) is a confidential agreement between you and your creditors. It does not stop you being a director.

The IVA will be registered with the Secretary of State and available to credit reference agencies, so it usually does have an effect on your credit rating for up to 6 years. That said, the credit agencies do not know the terms of the IVA, only that you have entered into one.


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