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Why do I need debts over 15,000 and contributions of 200 per month to apply for an IVA?

April 26, 2017contributions debts IVA month

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Why do I need debts over 15,000 and contributions of 200 per month to apply for an IVA?

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An IVA is a complicated legal procedure which can only be undertaken by a licensed Insolvency Practitioner. Thus meaning that the costs of setting up the IVA are rather high. If you would like more information about how an IVA works, please call us today on 0800 048 1763.