Under the terms of certain IVA’s, you may be required to make increased monthly contributions if you obtain an unexpected lump sum of money whilst using the debt solution. Conversely, you may have to take immediate action and ask your Insolvency Practitioner (IP) to reduce your monthly contributions if there is an unexpected downturn in […]

An Individual Voluntary Arrangement (IVA) is a debt solution which involves yourself and your creditors coming to a legally binding agreement to extend your loan term and make reduced monthly repayments over this new timeframe. In order to officially set up an IVA, you will need to obtain the services of an insolvency practitioner, who […]

An Individual Voluntary Arrangement (IVA) is a debt solution which involves yourself and your creditors coming to a legally binding agreement to extend your loan term and make reduced monthly repayments over this new timeframe. In order for an IVA to be officially instigated, you will need to acquire the services of an insolvency practitioner, […]

An Individual Voluntary Arrangement (IVA) is a debt solution which involves yourself and your creditors coming to a legally binding agreement to extend your loan term and allow you to make reduced monthly repayments over this new timeframe. In order for an IVA to be officially set up, you need to acquire the services of […]