How Can IVA Free Debt Help Prevent Bankruptcy?
The Individual Voluntary Agreement, or IVA is meant to help people avoid bankruptcy by providing them an affordable method of paying their debt. The debt management companies that provide IVA free debt help will offer help through a debt management professional that can arrange an agreement between you and your creditors. This agreement will help reduce the amount of your payments and help you avoid bankruptcy. Once you are under a free IVA help agreement, your creditors will no longer hassle you about making your payments, and you can eliminate your debt in five years or less, as long as you stick to your payment agreement. When you meet with an IVA expert, you can discuss how an IVA can help you get out of debt. If this option is not the best solution, the debt management counselor can help you find another solution. If you qualify for IVA help, your creditors will be presented with financial statements as proof of your inability to pay the amount you are now paying; your living expe
