Here are some brief
details on debt management and IVA information. An IVA (Individual Voluntary
Arrangement) is a form of debt relief plan set up by the government
to provide a solution to personal debt and to deal with the growing
issue of personal insolvency.
The needs of one
household or one individual may be very different from the needs of
the next. Any IVA information given must take into account the distinctive
nature of the situation people find themselves in.
Generally an Individual
Voluntary Arrangement will run for 60 months (sometimes less) and after
this all the debt is discharged from a person's credit record.
An IVA will write
off most of your debt at the start of the programme (although beware
of the claims made in some circles: it is rarely more than 60 or 65%
of unsecured debt which can be 'written off' by this means). Any good
IVA information and advice of this sort will ensure you get the optimum
results with the lowest monthly repayments together
with the highest proportion of debt write-off.
So complete the
form for impartial and independent IVA advice which is right for your
own personal situation.
be aware that figures entered need to be accurate by law, and to give
the best service to you. It is extremely important that you budget for
all necessary expenditure including rent or mortgage, council tax and
utility bills, etc., and any other necessary outgoings related to the
upkeep of your household and inrelation to any specific circumstances
that may relate to you. This website only collects data on behalf of
debt management professionals, from which it will receive affiliate
remuneration for data collection only and does not itself engage in
any debt management services. Other debt management options are available
and may be more suitable. People entering into an IVA or debt management
will have this entered on their credit profile and this may affect their
ability to get credit in the short term or even in the long term in
some cases. It is free to apply from this website; you will be given
advice by debt management professionals and a 'cooling off' period,
by law, to decide whether or not the debt management plan is suitable
for you, and you should be aware that a fee will be chargeable upon
a successful arrangement, as with any commercial transaction. Failure
to meet the repayments on an IVA or any debt management programme may
result in serious consequences, including, but not limited to, bankruptcy.
Bankruptcies, CCJs and similar defaults will be entered into a public
register and will remain there for a statutory period of not less than
six (6) years.
Credit Licence number 633327.
An IVA is a very
useful legal instrument and most people would jump at the chance of
entering into one because it is absolute and releases the holder from
the entirety of his or her debt when the term has been concluded. This
is a milder resolution to a long-term debt situation than other sterner
measures such as bankruptcy and it carries none of bankruptcy's sting.
In order to get the best plan for ourselves we need the best IVA information
on all possible options, or we can trust an expert intermediary to do
this for us, matching our situation up with known formats and specifications
so that we don't need to worry about it.
Our economy is
a very complicated entity. Economists and scientists of many descriptions
are seeking to comprehend how it operates every day. It's like a massive
machine. It is a matter of contention whether economic policy has an
effect on political and social decisions and such things are mainly
regulated by the society in which we live. This society is aligned towards
achievement so that always means risk. As long as we have this risk
we also have the ghastly spectre of debt, both corporate and personal.
Good IVA information is designed to eliminate this risk somewhat.
A number of disciplines
have evolved relating to insolvent cases, and these include the law
as well as more recent professions like consultants. All such experts
have their own strengths and weaknesses. Each one will have a different
area of knowledge and expertise which you should use to your best advantage.
Making good use of IVA information will make recovery from debt quicker
and easier to bear.
One distinct benefit
of an arrangement of this kind is that it may immediately cut your debt
burden by a huge amount. This great cut in debt makes a substantial
difference and is the chief thing which differentiates this from a conventional
management program. Therefore people looking for debt reduction programmes
should apply for this rather than a conventional programme every time.
attempt to help folk who have suffered from debt in one way or another.
There are recognised schemes like The various individual and corporate
voluntary arrangements to assist the processes of both personal and
corporate debt recovery and to palliate what is, after all, a very difficult
process, and good IVA information is clearly part of this. The object
tends to be toward protecting resources wherever possible and also in
safeguarding the wealth of individuals by legal means. This applies
to both private wealth as much as the assets of corporations.
iva information advice
iva information application
iva information faqs
iva information help
iva information quote
a look at the Insolvency Service's leaflet called 'In Debt', downloadable
website is property of IVA Information. Copyright 2002 -Thereafter.
All rights reserved.