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  • Will You Add? - Information on IVA

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    luding equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor

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    An IVA is a true alternative to bankruptcy. An Insolvency Practitioner (IP) is responsible for liaising with your various creditors to help work out terms in your favor and ensure that you adhere to the agreed payment amount.

    What is an IVA?

    An IVA is a formal, legally binding agreement between a debtor and his creditors. Designed to free you of the burden of debt in five years or less, an IVA does not publicize your insolvency like bankruptcy. As per the agreement an IP helps you distribute a single monthly payment (over a set period of time usually 5 years) equally between participating creditors. If you have any assets (including equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor B

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    s in your favor and ensure that you adhere to the agreed payment amount.

    What is an IVA?

    An IVA is a formal, legally binding agreement between a debtor and his creditors. Designed to free you of the burden of debt in five years or less, an IVA does not publicize your insolvency like bankruptcy. As per the agreement an IP helps you distribute a single monthly payment (over a set period of time usually 5 years) equally between participating creditors. If you have any assets (including equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor

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    n a debtor and his creditors. Designed to free you of the burden of debt in five years or less, an IVA does not publicize your insolvency like bankruptcy. As per the agreement an IP helps you distribute a single monthly payment (over a set period of time usually 5 years) equally between participating creditors. If you have any assets (including equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor

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    ement an IP helps you distribute a single monthly payment (over a set period of time usually 5 years) equally between participating creditors. If you have any assets (including equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor

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    luding equity in your property) it maybe made available to your creditors. However you remain in charge of how they are disbursed.

    How Will You As A Debtor Benefit From An IVA?

    •High interest rates and charges on all your debts will be frozen

    •You can retain your home and assets

    •Your employment will not be affected

    •Re establish your credit rating

    •Self employed can continue to trade

    •You are rid of creditor harassment

    Are There Any Disadvantages With The Choice Of An IVA?

    •75% of your creditors have to agree to the terms and conditions of the IVA

    •IVA is a debt solution only if you owe ?15000 or more to one or more creditors

    •You maybe forced into bankruptcy if you dont adhere to the terms of your IVA

    •The Equity Release clause in a

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