IVA proposal

6 January 2010
An IVA (Individual Voluntary Arrangement) can be an ideal solution for people struggling with unmanageable debts who do not feel that bankruptcy is appropriate. It can allow them to make reduced payments for (in most cases) five years, after which any outstanding unsecured debt will be written off.... read more »

Do I need to include all my credit cards on an IVA proposal?

29 January 2010
If you`re considering entering into an IVA (Individual Voluntary Arrangement) and your Insolvency Practitioner (IP) agrees that it`s the right option for you, one of the first things you`ll need to do is work with your IP to draw up your IVA proposal.... read more »

How much debt do I need to qualify for an IVA?

7 April 2009
In 2008, the Insolvency Service website shows, around 40,000 people in England and Wales entered into an IVA (Individual Voluntary Arrangement).... read more »

Do my creditors have to approve an IVA?

2 August 2010
An IVA could help you tackle your unmanageable unsecured debts, but your lenders will have to approve the terms before you can start.... read more »