IVA Articles

So, now that you think you qualify for an IVA, what's the next step in the IVA process. First of all, call My IVA Adviser on 0800 088 7503.… Read more

When an IVA has been agreed at the Creditors Meeting the IVA becomes a legally binding agreement. One of the conditions attached to the IVA, and stated within the IVA proposal, is that whilst the IVA agreement is active, the IVA applicant will STOP using all existing lines of credit, or apply for any credit facility whilst the IVA is active. There is the exception to this rule which allows the IVA… Read more

There is a possibility that a person who is going to enter an Individual Voluntary Arrangement (IVA) will need to open a new 'basic' bank account. Follow this link if you are not sure whether you will need to open a new bank account for your Individual Voluntary Arrangement (IVA) . The thought of having to open a new basic bank account can be a daunting prospect for someone who is feeling… Read more

For someone with serious financial problems, the prospects of using an IVA to clear their unsecured debts is going to be dependent on whether or not their personal circumstances qualify them for an IVA in the first place. Just because a person wants to apply for an IVA, it doesn't mean their case will be suitable, and there are quite tight criteria that must be met before the IVA application… Read more

Individual Voluntary Arrangements, or IVAs are private arrangements between a debtor and their creditors. Individual Voluntary Arrangements (IVAs) are listed as a matter for the public record on the Insolvency Services IVA Register. The Individual Insolvency Register gives, among other things, the following details: A full list of Bankruptcies that are current or have ended in the last 3 months A list of all current Individual Voluntary Arrangements (IVAs) A list of all Fast Track… Read more

My IVA Adviser has recently added another great tool to its website. "Live Helper" is an interactive debt counselling service, available to all visitors to My IVA Adviser… Read more

If you are self employed, and in financial difficulties, the sense of pressure can be magnified beyond breaking point. Not only are you carrying the day to day pressures of trying to earn a living and run a business, but you also carry the fear of financial melt down if it all becomes too much to bear.… Read more

Not everyone who wants to use an Individual Voluntary Arrangement (IVA) as a debt solution will be able to do so. There are strict conditions that must be met before a person with serious financial troubles can apply for an Individual Voluntary Arrangement (IVA). Here are the main conditions a person is required to have before they can consider an Individual Voluntary Arrangement (IVA) as a potential solution: They must have a total… Read more

The million dollar question. It is reported that as many as 80% of all Individual Voluntary Arrangement (IVA) applications are successful. However, that's small comfort if your IVA is one of the rejected 20%. The good news is that you can do something to increase your chances of applying for an Individual Voluntary Arrangement (IVA) successfully.… Read more

The B.B.A. has written to the chief executives of all the debt relief companies operating in the sector and hopes to get them around the table to thrash out their differences with banks.… Read more