… circumstances have changed to the point where you can no longer see yourself repaying the debt within a reasonable period of time, you may need to consider another debt solution, such as an IVA ( Individual Voluntary Arrangement ). …
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However, if your debts have grown so much that you can never see yourself repaying them in full, you may want to consider another debt solution, such as an IVA ( Individual Voluntary Arrangement ), which could help you to avoid bankruptcy …
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IVA ( Individual Voluntary Arrangement ). An IVA is for more serious debts (usually £15000 or higher) that you cannot see yourself repaying within a realistic period of time. It is a legally-binding agreement between you and your …
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