When you’re having real trouble keeping up with your debt payments, it can seem like everyone is offering you easy solutions to your problems.
(more…)Insolvency and Bankruptcy are essentially both terms describing the position of a person or company that is no longer able to pay their debts. Insolvency is normally used when referring to businesses, and bankruptcy vavrto individuals, however there are many times when the terms are used varyingly in both contexts.
(more…)When your finances are in trouble, it can seem like your choices are few and far between. There are so many adverts offering instant solutions to debt problems it can be a real task figuring out which ones may actually help you.
(more…)The short answer is that it depends. If your debts are out of your control and you simply can no longer keep up with them, there are a few options worth considering, and an IVA or Individual Voluntary Arrangement is certainly one of them.
(more…)Individual Voluntary Arrangements are a way to clear debts that you can no longer manage the payments for. If your debt situation is out of control and bankruptcy is becoming a possibility, then an IVA may help.
(more…)IVAs are specifically intended to help people with unsecured debts that they can no longer manage. Debts that are not secured against some asset that you have, such as credit cards, store cards, unsecured loans etc, are exactly the types of debt that IVAs are for.
(more…)IVAs or Individual Voluntary Arrangements can be a great way for you to get your problem finances under control. These arrangements can stop debts from spiralling out of control, and give you the chance to start rebuilding the foundations for a healthy financial future. However, there are a number of choices that an IVA will involve, and these can have a substantial effect on its success or failure.
(more…)When you put forward an IVA, you will be proposing to pay a certain amount back to your creditors over a certain period of time. Your Insolvency Practitioner will help you to work out a proposal that is likely to be manageable for you.
(more…)Most of us these days have several different types of debt, all of which make us more likely to find ourselves in a situation where we can no longer manage them. There are a number of measures that can help people who are struggling with debt, and IVAs are only one of them.
(more…)It’s difficult to say which debt management methods are going to help you get out of debt without analysing your situation, however Individual Voluntary Arrangements have helped a great many people to sort out their financial difficulties.
(more…)Individual voluntary Arrangements have helped many people to deal with financial troubles in recent years. If you’re in the position of considering an IVA, there are a few things you might want to bear in mind.
(more…)IVAs are handled by Insolvency Practitioners (or IP’s), who have a responsibility to make them as secure as possible. If an IVA does fail, you will be left exposed to legal action from your creditors regarding the debts that were included in it. However there are a number of measures in place to reduce the possibility of this happening.
(more…)Being faced with debt that you feel is no longer manageable can be unbelievably stressful. However, there are various options for people who feel that they simply cannot meet the demands of their debts any more. An IVA or Individual Voluntary Arrangement is one of these options, and given the right advice, could well get you into a better and less troublesome financial state.
(more…)If you’re no longer able to manage your debts, an IVA or Individual Voluntary Arrangement may well be a good option for you. In order to get one, and indeed to find out whether it is in fact the best option for you, you’ll need professional help and advice.
(more…)An Individual Voluntary Arrangement is a legally binding agreement between you and your creditors. If you’re in the position where you feel you are going to be unable to meet the terms of your current credit, you can use an IVA to avoid such consequences as bankruptcy and court action.
(more…)When you find yourself in the position where you can no longer meet your debts, it can seem like you have fewer and fewer options left to explore as time passes.
(more…)If you’re exploring the use of an Individual Voluntary Arrangement to get on top of your debts, it’s vital that you arrive at an agreement that suits you.
(more…)If you’re thinking about whether or not an IVA or Individual Voluntary Arrangement is going to be a good option for you, there are a few factors to bear in mind before taking any decisions.
(more…)Is an IVA (Individual Voluntary Arrangement) right for you? Well the simple answer is that it depends. A qualified Debt Advisor or Insolvency Practitioner is the person best placed to advise you on what your options are if you find you’re going to be unable to meet the terms of your debts.
(more…)The first thing you’ll need to do is find an Insolvency Practitioner to take your case forward.
(more…)