{"id":3231,"date":"2014-01-20T12:54:50","date_gmt":"2014-01-20T12:54:50","guid":{"rendered":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/?p=3231"},"modified":"2019-02-28T12:59:22","modified_gmt":"2019-02-28T12:59:22","slug":"iva-checklist","status":"publish","type":"post","link":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/iva-checklist\/","title":{"rendered":"IVA Checklist"},"content":{"rendered":"\n<p>If you\u2019re 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. <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>An Insolvency  Practitioner will be best placed to help you work out the details of an  IVA, as well as whether it is in fact your best available option.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Choosing an Insolvency Practitioner<\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"809\" height=\"593\" src=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/02\/Fotolia_6591823_S.jpg\" alt=\"Insolvency Practitioners\" class=\"wp-image-3236\" srcset=\"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/02\/Fotolia_6591823_S.jpg 809w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/02\/Fotolia_6591823_S-300x220.jpg 300w, https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-content\/uploads\/2019\/02\/Fotolia_6591823_S-768x563.jpg 768w\" sizes=\"auto, (max-width: 809px) 100vw, 809px\" \/><\/figure>\n\n\n\n<p>In order to get an IVA, you\u2019ll need to use the services of qualified \nInsolvency Practitioner. These are professionals usually from legal or \naccounting backgrounds and are generally well placed to advice you on \nall matters relating to insolvency. Before going ahead with any \ninsolvency processes, you should make sure you\u2019ve not only checked that \nyour practitioner is certified to act on your behalf, but that you \nunderstand the costs that are going to be involved. It can be worth \nlooking around at different practitioners in terms of the fees that they\n charge, as you\u2019ll naturally want to minimise the costs, while getting \nthe arrangement you need.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Creditors<\/h2>\n\n\n\n<p>If you do go ahead and pursue an IVA, you\u2019ll need to provide details \nof your creditors. It\u2019s imperative that these details are correct, as \nthe IVA is dependent on the creditors attending a meeting at which the \nproposal is discussed, and it is on the basis of what they decide at \nthis meeting that an IVA legally binds them, preventing them from taking\n any other court action against you for the debts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Options<\/h2>\n\n\n\n<p>Last but not least, before taking any long term decisions about your \nfinances, make sure you know exactly what your options are. Discuss the \nsituation with your Insolvency Practitioner and make sure the proposal \nis one that will suit you. It can be easy to let the pressures of \nfinancial difficulties rush you into taking a decision at times like \nthis, but taking time to make the right decision is hugely important.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re 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. <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[],"class_list":["post-3231","post","type-post","status-publish","format-standard","hentry","category-iva-articles"],"_links":{"self":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/comments?post=3231"}],"version-history":[{"count":2,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3231\/revisions"}],"predecessor-version":[{"id":3246,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/posts\/3231\/revisions\/3246"}],"wp:attachment":[{"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/media?parent=3231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/categories?post=3231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nationaldebtrelief.co.uk\/debt-articles\/wp-json\/wp\/v2\/tags?post=3231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}