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IVA: The Best Way Out of your Debt (Without More Debt!)
Apply For The Best IVA or Debt Relief Plan For Your Own Circumstances
Free Independent Advice. No Bankruptcy. No loss of Dignity.
An IVA (Individual Voluntary Arrangement) is a debt relief program set up by the government of the day to eliminate personal debt and deal with the growing issue of individual insolvency. Our clients are licenced to give IVA advice on the basis that IVAs are not designed to be one-size-fits-all cures to any debt problem, because individual situations can vary so much. The needs of one household or one individual may vary greatly from the needs of the next. Any advice given must reflect the diversity of the situation in which people live.
Generally an IVA will be set to run for sixty months (sometimes less) and when this is over all debts are discharged from a person's credit profile. During all this time none of the banks are permitted to harass or pursue the debtor. The IVA carries with it all the benefits of bankruptcy while having none of the disadvantages.
An IVA will write off most of a person's debt at the beginning of the programme (although be wary of the claims in some advertising: it is seldom much more than 60 or 65% of total debt which can be cancelled in this way). All good IVA advice will make sure that you get the best results with the lowest repayments together with the highest proportion of debt written off.
So complete the application form for independent and impartial IVA advice for your own personal circumstances.
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IVA Advice
If you're looking for the best IVA advice we have a whole-of-market panel of specialists who have a great deal of experience at finding the best debt advice packages for people in many different circumstances. The service is swift, efficient and completely confidential. You're under no obligation to proceed with any IVA advice given to you, but it's always interesting to see how your life can be changed forever. So why not give it a try today. Applying is completely free.
IVA
In order to be suitable for an IVA the client must show proof of an income above a stated minimum and have arrears of not less than a certain sum and not greater than a certain sum, and such figures may change from one insolvency firm to the next. Usually earnings should cover the repayments after other bills have been met including the mortgage and utility bills and council tax, etc. The average minimum amount of debt is about £2,000 although this can vary. A top value of £50,000 is sometimes imposed, though by using a broker or intermediary the client may be steered to the most appropriate source to look after their own individual circumstances.
An IVA is a very useful instrument and many people would jump at the chance of applying for one of these because it is sanctioned by the law and releases the client from all debts when the term has been concluded. This is a much milder response to long-term debt than other more draconian instruments such as bankruptcy and has none of bankruptcy's stigma.
Governments generally try to do their best to help folk who have become insolvent in one way or another. There are government schemes like The diverse corporate and individual voluntary arrangements to assist the processes of both personal and corporate debt relief and to relieve what is a very difficult process, and certainly an IVA is part of this. The emphasis is meant to be towards protecting possessions wherever possible and in protecting the property of petitioners by using statutory measures. This applies to both private property and the wealth of businesses.
A number of disciplines have evolved surrounding the area of failure, and these encompass the law as well as newer professions such as IP consultants. All these experts have their own strengths. Each one will have their own area of knowledge and expertise which you should use to your advantage. Making use of an IVA will make the turnaround from insolvency quicker.
One great benefit of an agreement of this sort is that it may instantly diminish your debt burden by a fair amount. Usually this is as high as 60 per cent, often more. This great reduction of debt burden makes a huge difference and is one of the many things that differentiates this from an otherwise regular management program. Therefore folk seeking such a programme should apply for one of these over a standard debt relief programme every time.
Our economy is a very complicated thing. Economists and specialists of many types seek to come to terms with how it works as a matter of professional curiosity. It has been compared to a huge computer. It is a matter of contention whether economics impinges upon political and social imperatives and these are largely regulated by the kind of society in which we live. This society at the moment is aligned towards the need for achievement and that usually means risk. For as long as we have this insidious aspect of peril we also have the terrible prospect of financial ruin, individual and corporate. Use of an IVA is meant to offset this risk to a large extent.
The client's creditors are barred from contacting the client when the IVA is started. Creditors may not chase up the debt under any circumstances, and if they do so they will be breaking the law and may be penalized severely, which may mean a fine or even loss of their licence to trade if they are a debt collecting company. The applicant has this guarantee against the unwanted phone calls and non-stop letters that these companies use in order to harass their prey.
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