Please visit for confidential help and insolvency advice or email

Tuesday, 28 August 2012

Partnerships and an Individual Voluntary Arrangement

In a partnership all partners are jointly and severally liable for the partnership's debts.  As such, the partners may need to enter IVAs as a way of limiting their individual exposure to the business debts.  This can be done in conjunction with a Partnership Voluntary Arrangement. 

See a flowchart below that shows how the process of an IVA for a partner works in principal.

No comments :

Post a Comment

Many thanks for your comments. If you have a private business problem and you want advice give us a call on 0800 9700 539 or email me at If you are a professional advisor with a troubled client, please suggest they visit or contact me as above.

Web Analytics