Iva Debt Management Uk

  • The IVA Debate Set To Rage On
    With so many debt companies trying to push the notion of the Individual Voluntary Arrangement on those struggling with debt and some financial advisors commenting it might not be the best solution the controversy surrounding the IVA is set to storm on. An IVA is an agreement that is set up between the debtor and the creditors he or she owes money to. It involves removing a large sum of the debt in return for making agreed monthly payments, aimed at benefiting both the individual and the parti Read More...
  • IVA - Good Form of Debt Management?
    Over 21 million people in Britain do not know exactly what an IVA - or Individual Voluntary Arrangement - is. Many believe it's a fail-safe way of alleviating debt, and think it should be more widely available for people with mounting debts. An IVA is a legally binding agreement between a debtor and creditors, which ensures you pay off all your unsecured debts, provided they total over 15,000, in a fixed plan. Over a period of 5 years you pay a reduced amount which is more affordable to you an Read More...
  • IVA Advice
    An IVA (individual voluntary arrangement) is an alternative to bankruptcy introduced by the government as part of the Insolvency Act 1986. This article provides an overview of IVAs and suggests what readers should watch out for when looking for IVA advice. What Is An IVA An IVA is an alternative to bankruptcy introduced by the Insolvency Act of 1986. It enables individuals facing serious debt problems to make a proposal to their creditors to reach a settlement. If the proposal is approved by a Read More...
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