Apply Debt Settlement IVA Service
No Bankruptcy. No loss of Dignity.
An IVA is a form
of debt management programme set up by H M Government to provide a solution
to the problem of personal debt and deal generally with the issue of
personal insolvency. Our associates are licenced to give Individual Voluntary
Arrangement advice by means of a debt settlement IVA service on the
basis that Individual voluntary arrangements are never designed to be
one-size-fits-all fixes to any money problem, because each person's
circumstances are so different.
The needs of one
person can be vastly different from the needs of another person. Any
debt settlement IVA service must take into account the distinctive nature
of the situation in which people find themselves.
Normally an Individual
Voluntary Arrangement will be set to run for sixty months and when the
term is over all debt is discharged from a person's credit history.
During this time none of the banks or debt collectors are allowed to
contact the debtor. The IVA has all the benefits of sequestration while
having none of the disadvantages.
An instrument such
as this writes off the larger part of a person's debt at the beginning
of the plan (although be wary of the exaggerated claims in some advertising:
it is seldom much more than 60 or 65% of total unsecured debt which
may be cancelled in this way). Any good debt settlement IVA service
of this nature will ensure you get the best results with the lowest
monthly repayments together with the highest proportion of
debt written off at the outset.
So complete the
application form for impartial IVA advice for your own personal circumstances.
It's certainly true that use of a debt settlement IVA service
will help folk reorganise their busy lives and improve their overall sense
of well being. It is a carefully worked out programme devised to get people
like you and me out of financial difficulty and made law by government
as part of measures to enhance the rather draconian bankruptcy rules which
were in place at that time.
According to a new law brought by the government, IVAs have brought a much kinder way to deal with personal debt. An Individual voluntary arrangement 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. Following the new law, a well constituted IVA will immediately write off sixty percent (often more) of your personal debt at a stroke. Your interest in a debt settlement IVA service should be well rewarded by the transformation in life quality brought about by it.
The IVA will be carefully compiled by an insolvency practitioner who will generally be academically qualified in these matters and have a practical working knowledge of a debt settlement IVA service. All of the debt and the total number of creditors will be taken into account. The income and expenses will also be considered and a monthly expenses list will be carefully drafted with the consent of the client and also the creditors. This will allow for the important household expenses to be paid first before any of the creditors. The total capital sum of debt will be reduced by as much as 60 percent or more, and the monies left over is used every month to service any remaining debt in a controlled way and on a considerably reduced basis.
In taking steps to look into a debt settlement IVA service you are setting yourself on the sure road to personal probity and so ensuring a new beginning. Choices made now will start this transformation.