IVA Articles

A debt summit has been announced by the British Bankers' Association (B.B.A.) to address the issue of "Irresponsible" debt relief products being sold to consumers, reports The London Stock Exchange today.… Read more

Should you be looking for information about Individual Voluntary Arrangements (IVAs), you will regularly see references to the term 'IVA Proposal', and, because our mission here at My IVA Adviser is to keep you as informed as possible, we thought we should give you a clearer idea of what an 'IVA Proposal' is.… Read more

When a person has decided that an Individual Voluntary Arrangement (IVA) is their preferred option to solve their debt problem, they will instruct an Insolvency Practitioner (IP) to assist them in preparing their Individual Voluntary Arrangement (IVA) proposal.… Read more

Historically, during the preparatory stage of an Individual Voluntary Arrangement (IVA), the IVA applicant would have been instructed by the Insolvency Practitioner acting as Nominee to stop paying money to their creditors with immediate effect.… Read more

To apply for an Individual Voluntary Arrangement (IVA), a person needs to approach their creditors, through an Insolvency Practitioner, with an offer of repayment which, based on their personal circumstances, is the best offer they can afford to make.… Read more

People who are suffering with severe financial problems generally have three 'debt solution' options available to choose from, to assist them in becoming debt free.… Read more

IVAs are in the news quite regularly at the moment, because more and more people are suffering with serious debt problems. However, some people believe that IVA stands for an 'involuntary arrangement' (sic). IVA however, actually stands for Individual Voluntary Arrangement. So we have included this page on our website to help people searching for 'involuntary arrangements' and to point them in the correct direction. So, from now on, we'll be referring to involuntary arrangements as IVAs or Individual Voluntary Arrangements, if that's okay !… Read more

Sometimes a payment problem may occur during the term of your Individual Voluntary Arrangement (IVA). What action can you take to minimise the damage this payment problem may cause? Individual Voluntary Arrangements (IVAs) depend on regular payments to your creditors. When you enter into an Individual Voluntary Arrangement, you actually 'guarantee' your creditors will be paid with regular payments, over a fixed period of time. The payment timetable for the Individual Voluntary Arrangement is… Read more

It can be a difficult decision to make, when facing financial difficulties, as to when things are out of your control and you should search for help. So, if you believe an Individual Voluntary Arrangement (IVA) may be a solution, when should you ask for help?… Read more

Once a person in financial difficulties has decided on using an Individual Voluntary Arrangement (IVA) as their preferred solution to their debt problem, it is not unusual for them to experience doubts about the Individual Voluntary Arrangement (IVA) process, and how the Individual Voluntary Arrangement (IVA) is likely to be received by their creditors.… Read more