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How an IVA Could Be Your Answer to Being Debt Free

If you are having financial troubles in today’s world, then the first thing you need to understand is that you are not alone. There are people all over the UK who are having similar problems, therefore it’s important that you look your problems in the fac... Read >

Difference between IVA & DMP

If you are like many people in the UK, then chances are that you have been having some financial problems recently. For some people, financial problems might mean that you have to curb your lifestyle. In other words, you will want to make sure that you ar... Read >

Get an Individual Voluntary Arrangement in Five Steps

If you are overwhelmed by debts and can’t see a way out from under them, you might be eligible for an IVA, or Individual Voluntary Arrangement. The IVA is a formal and legal agreement between you and your creditors that freezes interest, sets lower month... Read >

Why an IVA is a Better Option than Bankruptcy in the UK

If you are struggling under staggering levels of debt, you are probably looking for a way, any way, out of the quagmire. The burden of high debt amounts with high interest rates can sometimes seem impossible to break free from the cycle. It can seem tha... Read >

What is an IVA and Are You Eligible?

Individual voluntary arrangements were introduced as an alternative to bankruptcy for citizens of the United Kingdom in the 1986 Insolvency Act. In an IVA, debtors and creditors come to an arrangement that freezes interest, lowers monthly payments, and s... Read >

What is an IVA and Would You Qualify?

What is an IVA and would you qualify? An IVA is known as an individual voluntary arrangement. This is a legal binding contract made between a person and their creditors to pay off an owed debt. In most cases, what can be afforded is set up as small monthl... Read >

What is an IVA and What are the Standard Conditions for an IVA in the UK?

There are mortgage payments, car payments, and credit card payments that are just a few high priced bills people are faced with on a continuous basis. Then there are light bills, water bills, and groceries to buy. With so much to pay and not enough money ... Read >

The Disadvantages of Bankruptcy in the UK

Bankruptcy is something individuals may have to file when they have an overwhelming amount of debt that they cannot afford to pay when it comes due. Filing bankruptcy can free a person from all their debt and give them peace of mind. In some cases, they c... Read >

How to Get an IVA

You might have heard of an IVA, but not fully understand what they are. IVA is the acronym for an Individual Payment Arrangement. It is a legal agreement you enter into with your unsecured creditors. It allows you to pay back debt based on the amount you ... Read >

What It Is & How to Get One

IVA stands for Individual Voluntary Arrangement. This legal alternative to bankruptcy allows an individual to pay back creditors at lower terms while avoiding bankruptcy. The UK government established this as part of the Insolvency Act 1986. When an indiv... Read >

What is an individual voluntary arrangement?

An individual voluntary arrangement (IVA) is an alternative to bankruptcy. An IVA is a formal arrangement between you and your creditors to pay back all or part of your debts. It must be obtained by applying to the court with the help of an insolvency pra... Read >

The Individual Voluntary Arrangement Explained

During these tough economic times, many people are finding themselves having trouble managing their bills and finances. This can be due to many different factors such as loss of work, increased interest rates or even unexpected medical costs. When the fin... Read >