At My IVA Adviser we have several clients with a disability.
Financial problems affect people whether they have a disability or are able bodied, and for that reason the solutions to financial problems are equally available to people with a disability or people who are able bodied.
In short because someone has a disability the option of an IVA is just as available to them as anyone else.
There are however some points to bear in mind when considering an IVA which apply to anyone whether suffering with a disability or not. These points centre around affordability and source of income.
Creditors and insolvency practitioners are becoming more cautious when considering IVA applications if the debtor is not in full time employment or is receiving state benefits.
This caution is not based on discrimination, but in the need to be seen to be giving “best advice.” The point is that if your income is provided by the state it cannot be considered in a bankruptcy thus making bankruptcy the “best advice” choice.
Similarly if your income is low, the same argument applies and a bankruptcy is likely to be the most suitable option.
Having said all this, the choice to opt for bankruptcy or an IVA is still that of the individual, and as long as the insolvency practitioner has a record on file proving that your alternative options were explained properly he can provide whatever you choose.
My IVA Adviser operates a No IVA = No Fee policy.
To learn more about IVA’s and how they can benefit the disabled call 0800 088 7503 and have a chat with an IVA expert today.
To find out whether you qualify for an IVA read our article called:
which can be found along with many others at our articles page providing useful information about IVAs. Or you may prefer to call us on 0800 088 7503 and speak to one of our specialist advisers about whether you qualify for an IVA.
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