Debt Consolidation

Custom Search
 

Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
Craving For Financial
Learn The Five
Learn The 15
4 Simple Ways
Use A Debt
You Can Make
The Debt Free
Tips To Take
Stop Debt Collectors
How to Get
Reducing Debt Before
Debt Recovery Can
What Are The
Purchase Your Future
Debt Relief with
Drowning in Debt?
What the Mail
Five Major Ways
Free Quick and
Free Quick and
Creating A Realistic
Hide That Car!
Dealing with 'Thing'itis
Should You Invest
The 5 Secrets
Mr. Cheapie's Frugal
Start Small and
Debt Collectors; And
Bankruptcy, Is It
Top Ten Reasons
What Is A
Is There Any
What Is A
Debt Collectors: Men
Personal Debt Reduction
Sitemap
Debt Consolidation
Debt Relief
Mortgage
Credit
Bankruptcy
 
IVA Advice
by Mike Curry
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 IV

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 majority of the creditors, then the IVA acts as a contract that binds all parties and prevents any further action. A standard IVA will offer to pay whatever the debtor can afford each month into a fund over a five year period, until the debt is cleared. With an IVA: Interest on the loan is frozen Legal proceedings are stopped The overall debt is reduced

Why Is It Important To Get Good IVA Advice

When considering an IVA itís vital to get the best advice possible, and to work with an organisation that is both professional and independent. By getting unbiased advice you can be sure that you are making the right decisions and can be confident about the choices that you make. Good IVA advice is also important because signing up to an IVA can involve a commitment of up to five years, so itís important that you understand what youíre getting into.

What To Watch Out For When Looking For IVA Advice

There are some companies who may try to convince you to sign up to an IVA even if itís not appropriate for you. Furthermore, some organisations offer IVA services but because they donít specialise in them, they may not actually be the best people to take advice from.

What You Should Check For When Looking For IVA Advice

That the IVA advice youíre being offered is impartial IVA Advice should take into account the perspectives of both the debtor and the creditors. IVA advice should be compliant with appropriate licensing and regulation Advisors should have IVA and debt management experience All IVA advice and supervision processes and systems should be defined and governed by experienced professionals.

Mike Curry runs a free IVA advice line called Clear Start, to help people facing serious debt to regain control of their financial situation. For further information please visit http://www.clearstart.org or telephone freephone 0800 138 5445.

 
The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Union township Reed plantation Royal Center town Tillamook Manchester borough Geuda Springs city (pt.) Joliet city (pt.) Bloomfield village Platteville North Apollo borough Earl Park town Waucoma McGraw village Bel Aire Richardson township Mukwonago town Dudley Prosperity town Ripley Washington village Balance of Hot Spring County New Stanton borough Green Oak township Chatsworth town Santa Rosa County Clemons New Cumberland borough Port Sanilac village Fort Gay town Little Falls town USA UK Australia Canada Nagorno-Karabakh Togo Philippines Cook Islands British Virgin Islands Sao Tome and Principe Bosnia and Herzegovina Latvia Estonia Lebanon Lanarkshire Cheshire Hampshire Renfrewshire Cambridgeshire Somerset Middlesex Yorkshire Suffolk Cornwall Iowa (IA) Rhode Island (RI) Wyoming (WY) Texas (TX) North Dakota (ND) Kentucky (KY) Kansas (KS) North Carolina (NC) Florida (FL) Louisiana (LA) Idaho (ID) Arkansas (AR) Arkansas (AR) California (CA) New Mexico (NM) Delaware (DE) Texas (TX) Hawaii (HI) Oregon (OR) Iowa (IA)