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IVA Information
Credit card debt is a fact of live for many people, as there are now more credit cards in the UK than there are people! Most people live with certain
IVA UK - 21-10-2008
IVA stands for Individual Voluntary Arrangement. IVAs are a piece of Government legislation which was introduced as an alternative to bankruptcy with
If you are struggling with your debt problems, you might be wondering what type of debt help is available. Government Debt Help in the form of an IVA
IVAs.co.uk commits to maintain the accurancy of all website advice. But occasionally, rules and regulations regarding the advice given can change and our website may become temporarily out of date.
To ensure that you have the latest information available please contact us on 0808 131 9103 and speak to one of our expert advisors.
Entering into an IVA may adversely affect your
credit rating for up to six years from the date of approval.
Your property will be protected within an
IVA but you may be required to release all or part of any equity during the
period of the arrangement.
Failure to complete the term of an IVA can
result in bankruptcy.
(In Scotland, a PTD is the equivalent to an IVA.)