Apply Independent IVA Offer
No Bankruptcy. No loss of Dignity.
An IVA (Individual
Voluntary Arrangement) is a form of debt relief program set up to provide
a solution to personal debt and to deal generally with the growing issue
of individual insolvency. Our associates are licenced to give IVA advice
and do so on the understanding that Individual voluntary arrangements
were not designed to be one-size-fits-all quick fixes to any debt problem,
as each individual situation is different. Any independent IVA offer
made will reflect these circumstances.
The needs of one
person may be very different from the needs of the next. Any advice
given must thus take into account the unique nature of the situation
in which people find themselves.
A normal Individual
Voluntary Arrangement will be set to run for five years (sometimes less)
and when the term completes all the debts are cleared from a person's
credit profile. During all this time creditors are not permitted to
harass or pursue the debtor. The IVA carries with it all the advantages
of bankruptcy and none of the drawbacks.
An instrument such
as an independent IVA offer will write off the larger part of a person's
debt at the beginning of the plan (although be wary of the exaggerated
claims made in some circles: it is seldom more than 60 or 65 per cent
of unsecured debt which may be 'written off' in this way). Any good
IVA advice of this nature will ensure that you get optimum results with
the lowest repayments together with the highest proportion of debt written
off at the outset.
So complete the
form below for independent and impartial advice for your own situation.
According to a new law brought by the government, Individual Voluntary
Arrangements (IVAs) have brought a kinder way to deal with personal
debt. An IVA is an acceptable and easy alternative substitute to bankruptcy
and carries none of the stigma. It is the civilised way to deal with
insolvency or bad debt issues. Following the law, a properly constituted
IVA will write off up to sixty percent (often more than that) of personal
debt at a stroke. Your interest in an independent IVA offer should be
amply rewarded by the improvement in life enabled by its use.
Not all people are suitable for an IVA; there are several constraints
on those who can apply. Ordinarily people applying for one need to have
a steady income which provides an amount in excess of household bills
in order to fund the monthly payments for an independent IVA offer,
though this need not be a huge amount. Those who do not qualify for
an Individual Voluntary Arrangement will probably qualify for a comparable
debt management programme.
The debt management plan or IVA will be carefully drafted by an insolvency
practitioner (or IP) who will be academically qualified (and who will
normally be a member of an appropriate profession or similar background)
and have a working knowledge of many different types of independent
IVA offer. All of the unsecured debt and all of the creditors will be
taken into consideration. Income and expenses of the client will also
be considered and a monthly balance sheet will be carefully compiled
with the agreement of both the client and the creditors. Essential expenditure
will be paid before the creditors. Total debt can be cut in this way
by as much as 60 percent or more, and the excess income of the client
is used every month to reduce the remaining debt in a very controlled
and painless way and on a greatly reduced basis.