An Individual Voluntary Arrangement is a legally binding arrangement between you and your creditors, which allows you to pay less than what you actually owe to your debtors. It can be seen as an alternative to bankruptcy, but you can opt for an IVA even if you are already bankrupt. The Insolvency Act introduced the term Individual Voluntary Arrangement for the first time in 1986. Its procedure includes the employment of a Licensed Insolvency Practitioner who assists you to get to a negotiation
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<a target=”_blank” href=”http://www.doruman-business.com/2009/10/19/how-does-an-iva-help-you-out-of-a-debt-crisis/” title=”How Does An IVA Help You Out Of A Debt Crisis?”>How Does An IVA Help You Out Of A Debt Crisis?
