Apply for a
Debt Consolidation IVA Plan
No Bankruptcy. No loss of Dignity.
A debt consolidation
IVA plan is a debt management programme set up by government to provide
a solution to the problem of personal debt and to deal generally with
the growing issue of individual insolvency. Our associates are licenced
to give advice and do so on the understanding of the fact that IVAs
are not designed to be one-size-fits-all remedies to any money problem,
because individual circumstances can vary so much.
The needs of one
person may vary greatly from the needs of another person. Any IVA advice
given must take into account the uniqueness of the situation people
find themselves in.
Normally a debt
consolidation IVA plan will be set to run for sixty months (sometimes
less) and after this all the debts are discharged from a person's credit
record. During the time of the IVA no banks are permitted to harass
or pursue the debtor in any way. The IVA has all the advantages of bankruptcy
and none of the drawbacks.
A debt consolidation
IVA plan will write off the larger part of a person's debt at the beginning
of the programme (although beware of the claims made in some circles:
it is rarely more than 60 or 65% of unsecured debt which may be cancelled
in this way). All good IVA advice will make sure that you get the best
results with the lowest monthly repayment options together with the
greatest percentage of debt write-off at the outset.
So complete the
form below for independent and impartial IVA advice
for your own personal situation.
steps to look into a debt consolidation IVA plan you're putting yourself
on the road to personal financial well being thereby effectively ensuring
a new life for yourself and your family. Any life choices made now will
begin the transformation.
IVAs are normally set up
to run over the course of a sixty month span, although in some cases
it may be adjusted to fit with personal needs. In Scotland, where they
are referred to as trust deeds or protected trust deeds, the span is
normally 36 months but may be four or five years. With both the IVA
and the protected trust deed the debtor client is kept safe from aggressive
creditors by the insolvency laws and their debts are completely and
utterly written off at the close of the span (however long that may
set to run).
An Individual voluntary
arrangement is binding and there are some things that the creditors
are forbidden to do once the IVA has been drawn up. This embargo includes,
but is not limited to, not being allowed to contact you either by phone
or by letter, or to attempt to reach you. If the creditor or his one
of his agents (i.e. a debt collector) even attempts to contact you during
this time then they are in breach of the IVA or debt agreement and would
be subject to punishment. Creditors (such as banks, etc.) must stop
all letters and phone calls and should not seek to intervene in the
business of the debtor client.
Following recent changes
in the law, IVAs have brought a kinder way to deal with personal debt.
An IVA is an easy alternative to bankruptcy and has none of the shame
or stigma attached. It's the best way to handle personal insolvency.
Under the new law, a well conducted IVA will write off up to 60 percent
(often more than that) of your personal debt at a stroke. Your interest
in a debt consolidation IVA plan should be rewarded by the transformation
in life quality enabled by it.