It isn’t good economics for an IVA for under £20,000 to be taken on due to the fees imposed by the insolvency practitioner. The amount charged by the practitioner is very steep and problems keeping up the payments can prove very difficult. You should however seek IVA advice.
It is said that a certain amount is [...]
Posts Tagged ‘IVA’
IVA that comes with a price
Posted in Debt consolidation, IVA, debt, tagged debt, IVA on June 2, 2009 | Leave a Comment »
Advantages and Disadvantages of an IVA
Posted in Debt consolidation, IVA, debt, tagged debt management, IVA on April 23, 2009 | 1 Comment »
Individual Voluntary Arrangements (IVA’s) are becoming an increasingly popular method in which to ease any debt problems. Recent figures suggest that the amount of IVA’s taken out each month now exceeds that of the amount of bankruptcies. However, IVA’s are not always the best debt management solution for some, and there are some advantages and [...]
Try To Contact Your Creditors
Posted in IVA, bankruptcy, tagged bankruptcy, debt, IVA on March 20, 2009 | 2 Comments »
The thought of going bankrupt can be scary, but there are alternatives. The first alternative is to contact your creditors and try to reach an informal agreement. Explain to them that you are experiencing difficulty with their current repayment terms and try to negotiate a more suitable agreement. Most creditors would rather take this option [...]
IVA or Bankruptcy?
Posted in Credit cards, IVA, Loans, bankruptcy, debt, tagged bankruptcy, debt, IVA on March 11, 2009 | 1 Comment »
Both of them are legitimate ways out of debt. Which is better? Well like most things it does depend on your individual circumstances. With bankruptcy your debt is written off, but there is a cost; with IVA only some of your debt is written off.
An IVA or Individual Voluntary Arrangement is where you set up [...]
Is an IVA too good to be true?
Posted in IVA, debt, tagged debt, debt solution, IVA on November 9, 2008 | Leave a Comment »
Those IVA adverts on TV stating that people can write off 75% of debt are a best case scenario. It is also a highly improbable scenario but it can be better than bankruptcy.
If you choose IVA as a debt solution, your creditors will seek a minimum of 25p for every £1 of debt as an [...]
Life and debt
Posted in Debt consolidation, IVA, debt, tagged bankruptcy, debt, IVA on October 16, 2008 | Leave a Comment »
Some people are so deep in debt, they will never know what it is like to not owe anyone money.
Some families have raked in debt so high that they can only afford to make minimum payments to all of their creditors. Debt Free Direct commented that unless a miracle happens such as a jackpot [...]
Debt and divorce
Posted in Credit cards, IVA, debt, tagged Credit cards, debt, IVA on October 14, 2008 | 1 Comment »
Besides the emotional turmoil which divorce entails, there is often the anguish of unforeseen financial matters such as debt and personal assets to contend with.
Urgency to make a fresh start can cause many individuals to make hasty decisions when going it alone and there are many bogus companies who will happily take advantage of their [...]
Bankruptcy – can it ruin your career?
Posted in debt, tagged debt, IVA on October 12, 2008 | 1 Comment »
For quite a while now, it has been customary for people working in the finance, gambling and government industry to have their credit reports inspected for bad debt such as bankruptcy or involvement in debt repayment plans such as an IVA (individual voluntary arrangement) and also debt management. This is because employees working in [...]
