Do you have problems with debt? You can arrange to make payments that will not leave you out on the streets by creating an IVA with your creditors. After you have completed the terms of an IVA, which generally takes around 5 years, you can have your remaining debts written off and eliminated. (more…)

An Individual Voluntary Arrangement (IVA for short) is an agreement between you and your creditors which states new terms on which the money owed should be repaid. It is typically used when you have little or no chance of repaying the full amount to each creditor, and the creditors recognize this and are anxious to recover at least some of their money.By adhering to the terms of an IVA, you can write off as much as 75% of your total debt. Also, your professional status will not be affected and details will not be made public (as happens in bankruptcy cases).You should contact an IVA practitioner if you think that an IVA is the best way to proceed with dealing with your debt problems. (more…)