IVA
BENEFITS OF AN INDIVIDUAL VOLUNTARY ARRANGEMENT (IVA)
* You will have one single monthly payment
* You will make monthly payments for a fixed period of, usually, just 60 months
* You will receive a review every 12 months to re-assess your situation
* The IVA will take the pressure off as all communication from your creditors will be
dealt with by us
* Once your IVA has been approved, your unsecured creditors must by law freeze all
interest and charges, stop all collection calls, letters and legal action and this even
includes any court action.
POTENTIAL RISKS OF AN INDIVIDUAL VOLUNTARY ARRANGEMENT (IVA)
* Homeowners may be required to introduce a sum of money in to the arrangement
normally by way of remortgaging
* Should a remortgage not be possible, you may have to extend the arrangement for a
further 12 months
* If you fail to pay your contributions, your arrangement may fail.
* Failure of the arrangement could mean that the Supervisor has to petition for your
Bankruptcy
To find the best solution for you Contact Simply Debt Solutions or Send Your Details to
The Debt Advisor today.
Working with The Debt Advisor Ltd
