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What is an IVA?
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It's a deal between you and the creditors.
The best way to think of an individual voluntary arrangement (IVA) is
as a deal between the debtor (the person who owes the money) and the creditors;
the credit card companies, loan companies, people or businesses to whom
the money is owed.
So, where the debtor cannot pay off his or her debts on time, or they
are insolvent (for a definition of insolvency click here insolvent?
for a guide) or if you are under huge creditor pressure and you cannot
deal with the creditors satisfactorily, than an IVA can often be a good
solution.
Want powerful control over your creditors, to stop calls, threats and
letters? Then the answer is – use the IVA!
If you have more than say £15,000 of debts, a steady income and
possibly own your home then an IVA is a good answer for many people.
So call us now on 0800 195 6762 and we can talk you through the IVA process.
If you just want more information first please read here for short
and detailed guides
to the IVA mechanism. THEN CALL US!
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