What is an IVA? An Individual Voluntary Arrangement - IVA is a formal agreement between you and your creditors where you will come to an arrangement with people you owe money to, to make reduced payments towards the total amount of your debt in order to pay off a percentage of what you owe then generally after 5 years your debt is classed as settled.
ADVANTAGES OF AN IVA
•If your IVA fails, you may be made bankrupt •You may be a profession where you could lose your job if you go bankrupt such as accountancy/police/armed forces. •You may have a very high monthly available income to make payments.
IVA GUIDE
In the guide - subjects as IVA Approval, early settlement of your IVA, missed IVA payments, IVA failure, additional debt claims & many more‌..
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