IVA Articles

The IVA specialists at My IVA Adviser form part of a small but growing team dedicated to helping people solve their debt problems through an IVA. Each IVA specialist prides themselves on giving accurate and impartial advice to clients with any type of debt problem. Clients best served by an IVA are taken through the process step by step by their own dedicated IVA specialist, from the first call into… Read more

Individual Voluntary Arrangement (IVA) are full of advantages for the debtor. However, an Individual Voluntary Arrangement (IVA) does have its Cons or disadvantages.… Read more

Getting correct advice is essential to making the right decision when considering an Individual Voluntary Arrangement (IVA). As obvious as it may seem the quality of the IVA advice given will depend on the quality of the Individual Voluntary Arrangement (IVA) adviser giving it. In an ever increasingly competitive market place, finding an Individual Voluntary Arrangement (IVA) adviser with a thorough knowledge of the Individual Voluntary Arrangement (IVA) subject and an ability to pass on their knowledge, is getting more and more difficult.… Read more

To help you decide which of the debt solutions you prefer, here are the main Pros and Cons of each choice. There are essentially two types of Debt Management Programmes. Both are considered 'informal' arrangements. The first type is a 'self help' Debt Management Programme. This is where a person contacts all their creditors under their own steam to explain they are experiencing financial problems, then agrees a new monthly repayment directly… Read more

The crucial decision. Do you make your repayment plan Formal by using an Individual Voluntary Arrangement, or Informal by using a Debt Management Programme ? Your personal circumstances will have a major bearing on the outcome of this decision, because each solution, be it an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, has its Pros and Cons.… Read more

For those people that live in Northern Ireland, and are struggling with financial difficulties, the Individual Voluntary Arrangement (IVA) still remains a viable debt solution. Any person living in Northern Ireland: Who has personal unsecured debts over £12,000. Owed to 2 creditors or more. Who is in employment. Cannot afford their normal monthly debt repayments. can apply for an IVA. Further more, it doesn't need to be set up by an Insolvency Practitioner who only practices… Read more

When searching for debt solutions, it pays to do your homework and find out how the rules for each debt solution, either an Individual Voluntary Arrangement, IVA, or a Debt Management Programme, will impact on your circumstances. There are plenty of different sources of information available, but it can become very confusing, very quickly. What you need are the IVA rules in a nutshell.… Read more

Yes - You can do an IVA if you are a self-employed 'Sole Trader'. Being a self-employed 'Sole Trader' running your own business does not stop you applying for an IVA. Being self employed is one of the most rewarding experiences a person can have. There is nothing quite so challenging as trying to creating a profitable business, and facing the day to day challenges that come with making sure the business succeeds. But the financial pressures of being self employed can be extreme, and when circumstances conspire against you, it can be all too easy to find yourself facing a financial black hole of debt.… Read more

Individual Voluntary Arrangements (IVAs) are designed to assist any person struggling with an overwhelming debt problem. But what happens when one of the debts is owed to the Student Loan Company? When debt repayments become too difficult to afford, often a person will take out further credit to cover the repayments, and thus find their situation worsening. This is where an Individual Voluntary Arrangement (IVA) can help. An Individual Voluntary Arrangement (IVA) is… Read more

Another excellent question we are asked frequently at My IVA Adviser is: "Which Debts can go into an Individual Voluntary Arrangement (IVA) ?"… Read more