Individual Voluntary Arrangement The first thing to do when considering an Individual Voluntary Arrangement is to have a meeting with an Insolvency Practitioner. This meeting can either be face to face or over the telephone. The meeting is to determine whether or not an IVA is a suitable option for resolving financial difficulties and to advice of what other options…
Tag: Iva
Long Term Debt Problems
Debt counsellors Debt management companies can offer an excellent service for large amounts of out of control debt. If you are having difficulties keeping up with any repayments, then do seek advice from a debt counsellor. They are professionals and know how the creditors work. If you have your debt management plan accepted, a singular monthly payment is made to…
Bankruptcy Alternatives
Bankruptcy is an option an individual in dire financial difficulty would be forced to take. This is considered as the last debt management tool or resort a debtor could ever take because of the stigma that comes with its implementation. Being published in the London Gazette, made available on line and registered, bankruptcy orders have a far reaching effect. Everybody…