An Individual Voluntary Arrangement is an official binding agreement between an individual and his/her creditors that give them privilege to disburse a smaller amount of money than they owe to their debtors in reality. This is usually considered as a substitute to bankruptcy; however, one can choose to go for an IVA even if they [...]
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Individual Voluntary Arrangement : The Individual Voluntary Arrangement or IVA is a legal agreement, unlike the debt management plan. The agreement has a tenure of few years. The customers have the options of paying low instalments and …
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