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2007-10-11 22:33:08
The IVA (Individual Voluntary Arrangement)
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 Are you stuck under a mountain of debt?
Are you looking for a way out that doesn't involve you declaring bankruptcy or selling your home?
The IVA, or the Individual Voluntary Arrangement, might just be perfect for you.
Here is the process. You engage the services of an "Insolvency Practitioner", who will help you come up with a proposal that would allow you to make monthly payments to the creditors. This will be a way of consolidating your debt. Basically, you will pay them a lower amount than the total of what you actually owe, but it will be at least as much as what they would have gotten if you had declared bankruptcy.
With the help of the "IP", you will come up with a proposal that works economically for you, and take it to the group of creditors to which you owe money.
If the creditors accept your proposal, then normally you will make payments to them over the course of 60 months, and by that time, you will be free and clear of your debt.
You will make your payments to the IP, who will then forward the payments to the creditors, after fees.
If you are choking under a mountain of debt, then it might be worth your while to engage the services of a licensed insolvency practitioner, as they really can help you out.
Click here for a no fee debt consultation!
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Request Consultation Today!
Click Here
There is NO FEE and you are under NO OBLIGATION!
Fill out our call-back form and you will be contacted by one of our experienced advisors who will work with you to help you reduce your debt and monthly payments.
* Save Money on Interest Rates
* Avoid bankruptcy
* Keep your home
* Clear unsecured debts
* There is no obligation
* Pay what you can afford
* Be Financially Free
* This is a No Fee service
Applicants must have a minimum of £5k of total debt excluding mortgages and/or secured loans.
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