Posts Tagged ‘proposal’

IVA helps to deal with your serious Debt Problems Best Syndication, CA - 6 Aug 2008 At the outset of Individual Voluntary Arrangement , the Insolvency Practitioner interviews you to ascertain your assets and liabilities, what you can afford …

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Yes. The IVA is an effective tool that can be used to deal with multiple debt problems without the need to petition for your own bankruptcy.
As part of the Myvesta IVA process your creditors will be professionally dealt with and the IVA proposal will typically involve a large portion of your debts being forgiven [...]

IVA proposals can only be put together and presented to an individuals creditors by a licensed Insolvency Practitioner. At the time of this writing there are only about 2000 licensed Insolvency Practitioners in the UK.
The Individual Voluntary Arrangement was originally designed to provide relief to debts generated as a result of business insolvency. In [...]