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have a super-quick and highly professional debt consolidation service.
A qualified and experienced Insolvency Practitioner will be personally
assigned to you and you will get a elephone call back from him or her
very quickly (or whenever you specify on the online form).
For A Debt Consolidation Plan?
By taking steps
to look into a debt consolidation plan you're setting yourself on the
track to personal security and so ensuring a new beginning. Any life
choices made now will begin this transformation.
The debt management
plan or IVA will be drawn up by an insolvency practitioner (or I.P.)
who will be properly qualified in such matters (and who will normally
be a member of an appropriate profession or similar background) and
have a practical working knowledge of a debt consolidation plan. All
of the debt and all the creditors will be considered. Income and expenses
of the client will be looked at as well and a monthly or weekly balance
sheet will be drafted with the consent of the client and also the creditors.
Important household bills will be paid before the creditors. The total
capital debt can be reduced by 60 per cent or more, and any income left
over is set aside every month to service any remaining debt in a very
painless and controlled way and on a greatly reduced basis.
Arrangements are normally designed to run over a sixty month term, though
this can be adapted at the outset to match personal specifications.
North of the border, where they are referred to as Protected Trust Deeds,
the term is typically 3 years but in some instances may be over four
or five years. In both the Individual Voluntary Arrangement and the
Protected Trust Deed the debtor client is safeguarded from predatory
creditors by the relevant insolvency laws and all debts are fully and
absolutely written off at the end of the span (however long that may
be set to run).
Not everybody is
eligible for an IVA; there exist certain restraints on those who may
apply. Usually those applying for one need to have a regular income
which is verifiable giving them a surplus monthly sum over and above
the necessary household outgoings in order to fund the repayments, though
this need not be a huge amount. Those who do not qualify for an Individual
Voluntary Arrangement will likely be eligible for a comparable debt
settlement plan, so it is always worth applying just to see.
Now go back
up to the application form and change your life today!
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