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IVA: Individual Voluntary Arrangement
What Is an IVA The IVA (Individual Voluntary Arrangement) was introduced by The Insolvency Act of 1986 as an alternative to bankruptcy which benefits both the debtor and the creditor. An IVA enables people facing financial difficulties to come to a formal agreement with their creditors rather than having to face bankruptcy. The IVA represents an exciting new opportunity to those facing serious debt to both avoid bankruptcy and to make a fresh start.In this article, we'll answer the most frequently asked questions about the IVA. What Are the Advantages of an IVA
What Are the Disadvantages of an IVA
How Do I Set Up an IVA Recommended IVA Body: Clear Start is an independent free IVA helpline offering IVA help and advice to anyone in the UK. To contact an IVA adviser click here: IVA ADVICE or telephone freephone 0800 138 5445. Who Might Benefit From an IVA An IVA can help anyone experiencing debt problems- particularly those who own property which they would risk losing if they were to be made bankrupt. An IVA might be a good idea for you if you if:
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