What is IVA?
An IVA is an arrangement set up with all your creditors that they all receve a monthly payment on a regular basis with all interests frozen and that you will not be forced into bancruptcy or lose your house or business.
Is an IVA suitable for me?
If you are in debt and your creditors are pressing you for payment and you think you might have to go bancrupt and lose your house, then you should consider inquiring about arranging a IVA.
A IVA will deal with all your debts.
You will stop paying all your creditors and pay the IVA instead.
Your interest will be frozen from the date of the agreement.
You will probably save your house.
As long as you keep to the IVA agreement at the end of the term your debts will be written off.
Your finances would have been reorganised without taking on any more debt, and you would have avoided bancruptcy.
For further information contact us.