IVA Articles

The ultimate IVA definition is quite simply...... Individual Voluntary Arrangement. An IVA, or individual Voluntary Arrangement to give it its full name, is a formal debt solution, aimed to assist people with an overburdening debt problem. An IVA provides the structure of a 'new agreement' with their creditors to act as an alternative to bankruptcy for those people whose incomes or assets might otherwise be vulnerable under bankruptcy's terms and conditions. An… Read more

The cost of an IVA is something we explain very carefully here at My IVA Adviser… Read more

"The Debt Calculator" is our online calculator here at My IVA Adviser… Read more

IVA Practitioners also known as Insolvency Practitoners are the only people who can oversee an IVA. Here at My IVA Adviser we have an in-house IVA practitioner who handles all our IVA applications.… Read more

Getting credit after an IVA can be problematic. Here at My IVA Adviser we have written an article explaining how an IVA affects your credit rating during and after an IVA.… Read more

Here at My IVA Adviser we are often asked "is an IVA binding in law?" The answer is yes an IVA is binding in law. It is a formal arrangement to repay your creditors backed up by a signed legal agreement.… Read more

There is no doubt about it, an IVA will impact on your credit rating. The question you need to ask is : For how long will an IVA effect your credit rating? The answer to this question is 6 years. This is because whenever something adverse, or negative, is recorded on your credit file, such as an IVA, it will remain on file for 6 years from the date it began, after which… Read more

IVA credit if by that you mean is credit allowed in an IVA the answer is a firm no. The whole concept of an IVA is to learn to live without credit.… Read more

We use an "IVA calculator" called the The Debt Calculator here at My IVA Adviser.… Read more

IVA requirements are set by creditors, and even though each IVA is unique, the IVA requirements that must be met remain consistent across each case.… Read more