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What is IVA?
An IVA (Individual Voluntary Arrangement) is a legal process which offers an
alternative to bankruptcy to those with
unaffordable credit repayments. It allows you to make reduce payments and write off the
debt you will not be able to payback within 5 years.
IVA Application Criteria
1. You have a minimum debt of £15,000 (excluding Mortgages & Secured loans)
2. You have a minimum of 3 creditors e.g. credit cards, overdrafts
3. You are in paid employment
NOTE: We can also handle Debt Help enquiries for less than £15,000
How do I apply for IVA?
An Individual Voluntary Arrangement (IVA) is a formal arrangement through the
county court. To obtain an IVA we would need to appoint an Insolvency
Practitioner on your behalf. The Insolvency Practitioner (IP) will act as
nominee and your representitive to your creditors until the IVA is formally
approved. The IP will supervisor during the remaining term of the IVA.
What next to do?
Fill in
the short form along side and we then call you back and
discuss your current debt level and explain how we go about reducing
your debts once and for all.
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info@IVAadvise.co.uk