When it comes to financial problems and their solutions, everyone has their own unique set of circumstances, which makes their situation unique, and hence, the solution also being unique instead of being generalised. Hence, one should keep in view that whenever you are thinking about bankruptcy or IVA, it is important to remember that one cannot really choose one over another because each of the solutions is unique to different people.

Questions like the nature of work, income, home ownership, retirement and the amount owed in debt are important in order to decide whether to go for bankruptcy or IVA. Both of these insolvency solutions keep your ability to borrow limited during the time they are in progress. For about six years, both bankruptcy as well as IVA affect your credit rating and make it rather difficult to get credit. There are certain kinds of debts like secured debts or court fines that can be written off neither by bankruptcy nor by IVA.

Continue reading ‘Should I Choose Bankruptcy Over an IVA?’ »

The best IVA is one of the only useful and trustworthy ways of performing an arrangement to pay off debts. Individual voluntary arrangements, IVA, are the key to prevent bankruptcy from taking its toll on your life. The IVA debts are paid as written in a flexible contract with the creditors. In this way both the customers and the creditors make the best out of this lifetime chance.

Get Rid of Debts With The Best IVA Plan

A customer might see how debts get a higher value, hence one should never say never as he or she never knows how things might turn out. If a customer is in such an awkward situation, the most undesirable thing is to lose hope. There are companies that provide the best IVA guidance, let alone the guarantee of a never-ending friendship. They totally understand the traumatic events which turn the customers’ life into a total chaos when it comes to IVA debts. This is why they do everything they can to help customers regain peace. Continue reading ‘The Best IVA Plan – The Only Solution’ »

The best IVA is the only valuable and practical tool to make an arrangement to pay off debts. Individual voluntary arrangements, IVA, can be a solution to avoid bankruptcy. The IVA debts are paid in accordance with a flexible contract with the creditors. Thus both the customers and the creditors benefit from this profitable opportunity.

The best IVA is the solution for debts

Although debts may keep on increasing, there is a solution for it. If a person is in such a situation, they should not despair as now they can profit from the best IVA advice, along with a lasting partnership with a law firm of their choice. Such entities understand the customers’ fears and demands when it comes to IVA debts. This is why they make whatever is in their power to make people smile again. Continue reading ‘Best IVA: Valuable And Practical’ »

A lump sum Individual Voluntary Arrangement can solve personal debt problems for Self Employed

An Individual Voluntary Arrangement (IVA) is a formal debt solution which enables debts to be settled through monthly payments of your agreed disposable income, usually over sixty months, and the remaining debt being wiped clear at the end of that time leaving you debt free.

For a Director, Sole Trader or someone who is self employed, if your business has failed, you may not be in a position to maintain monthly payments into an IVA. However, this does not mean that you will not be able to use an IVA as a solution to your personal debt problem.

There is an alternative to the standard monthly payment Individual Voluntary Arrangement which is the full and final settlement IVA, more commonly known as a lump sum IVA Continue reading ‘A lump sum Individual Voluntary Arrangement can solve personal debt problems for Self Employed’ »