A Weight Off Your Shoulders This article discusses the importance of an IVA also known as an Individual Voluntary Agreement, as a solution to come out of heavy financial debt. An Individual Voluntary Arrangement, known as an IVA, is an agreement made between a debtor and his or her creditors to repay a percentage of the debts owed over the ?life’ of the IVA which is generally five years or sixty months. To ensure that monies are distributed evenly and fairly to the creditors the IVA
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