Welcome to www.ivainsolvency.co.uk, a true alternative to avoid bankruptcy. With us you no more have to file for bankruptcy, we help you out of your financial predicament. No more get daunted about repaying the pending debts. We bring the right IVA solution to you!
True Alternative for Bankruptcy
An IVA is a true alternative for bankruptcy and enables an individual in debt to make a proposal to the creditor they owe money to reach a settlement.
It’s an agreement signed between you and your creditor to make a single reduced monthly payment which is spread over a period of time(normally 5 years) after which the debt is cleared off. Creditors stop charging any further interest on your loan once the IVA is agreed upon. The agreement made is fixed and no changes will be made further on as per the Insolvency Act of 1986. Your IVA can be arranged only by an insolvency practitioner to get you out of unsecured debts of £15,000 or more. |
