My Business and My IVA
Last year I got laid off from my job due to the economy. There weren’t any jobs available in my field so I took a chance and started my own business. I used my savings and took out a loan to fund my business. I knew that things would be a little tight for a while because I was a start up business but not long after opening I began to swim in debt. I was a little leery about entering into an individual voluntary arrangement because I didn’t know how if would affect my business. The IVA counselor told me that arrangements could be made where I could still access credit for the business.
