Apply Debt Reduction IVA Programme
No Bankruptcy. No loss of Dignity.
A debt reduction
IVA programme is a form of debt relief plan set up by H M Government
to provide a solution to personal debt and deal generally with the growing
issue of individual insolvency. Our associates are licenced to give advice
and do so on the basis of the fact that Individual voluntary arrangements
are not one-size-fits-all solutions to any problem with money, because
each individual situation is so different.
The needs of one
person can be very different from the needs of the next. Any IVA advice
given must thus take into account the diversity of the situation in
which people find themselves.
A normal debt reduction
IVA programme will run for five years and when this has finished all
debts are cleared from the credit history. During all this time no banks
are allowed to pursue the debtor. The IVA carries with it all the benefits
of bankruptcy while having none of the drawbacks.
An IVA will write
off most of a person's debt at the beginning of the plan (although be
wary of the claims made in some advertising: it is seldom more than
60 or 65% of unsecured debt which may be cancelled in this way). Any
good IVA advice of this sort will make sure that you get the best results
with the lowest repayments together with the greatest percentage
of debt written off at the outset.
So complete the
application form below for impartial advice which is right for your
own personal circumstances.
enquiries about a debt reduction IVA programme you're setting yourself
on the track to security and therefore ensuring a new life for yourself
and your family. Any life choices made now will start this process.
According to a new law brought
by the government, IVAs or individual voluntary arrangements have brought
a kinder way to deal with personal debt. An IVA is an easy alternative
to bankruptcy and carries none of the stigma. It is the civilised way
to deal with insolvency or bad debt issues. Persuant to the law, a well
constituted IVA will immediately write off up to sixty per cent (sometimes
more than that) of your debt at a stroke. Your interest in a debt reduction
IVA programme would be well rewarded by the transformation in life enabled
by its application.
An Individual voluntary
arrangement is legally binding and there are some things that the creditors
must never do once the IVA is drawn up. This restriction includes not
being permitted to contact you either by letter or by phone, or to contact
you in any way for as long as this arrangement exists. If the creditor
or one of his agents (a debt collector, for example) even tries to contact
you during this time they will be in breach of the IVA or debt management
plan and could be punished. Creditors (such as banks, etc.) must stop
all phone calls and letters and must not seek to conflict with the business
of the debtor.
The IVA will be carefully
drafted by an insolvency practitioner (or I.P.) who will generally be
qualified in these matters and would belong to a relevant professional
body and have a good working knowledge of a debt reduction IVA programme.
All of the unsecured debt and the total number of creditors will be
taken into account together. Income and expenditure of the client will
also be looked at and a monthly or weekly balance sheet will be drawn
up with the consent of the client and the creditors. Important bills
will be paid before any of the creditors. The total capital sum of debt
will be cut in this way by sixty per cent or more, and the monies left
over is used to service the debt in a very controlled and painless way
and on a significantly reduced basis than before.