Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is an IVA?

April 26, 2017IVA

0

Posted

What is an IVA?

3 Answers

0

Posted

IVA stands for Individual Voluntary Arrangement. An IVA is a simple arrangement in which you pay a single monthly sum to your creditors and become debt free within five years. It usually involves your creditors agreeing to write off part of your debt. It is a proposal you put to your creditors that they may prefer to agree to, to avoid you becoming a bankrupt. We at Debt Lifeboat will assist you in putting together that proposal. Back to questions…

0

Posted

The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit The UK Insolvency Helpline’s Guide to Individual Voluntary Arrangements (IVAs). [more…

0

Posted

It is the name given to a formal arrangement with creditors. It allows someone who is in financial difficulty to make a proposal to settle his/her debts within a reasonable and fixed period – normally five years.