If you have debts of around £15,000 (or higher) that you are unable to repay, an IVA (Individual Voluntary Arrangement) is a Government-backed debt solution that could help you get back in the clear by writing off a substantial amount of your debt. As part of the Insolvency Act (1986), it’s a legally binding means of getting out of debt that helped over 40,000 people per year in both 2006 and 2007. An IVA proposal can only be put forward by a licensed Insolvency Practitioner. If the IVA is app
More here: IVA: Government-Backed Debt Solution
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