IVA Articles

It's a perfectly natural question to ask yourself... Can I get an IVA? Assuming you've done your homework, and know what an IVA is and how an IVA works, the next most obvious step would be to try to establish whether an IVA would be of benefit to your personal circustances. So what can you do to find out if you can get an IVA?  Simply follow these steps...… Read more

The length of time it takes to set up an IVA will vary with each individual IVA. Every IVA is unique, an it's the complexity of each IVA case that will really determine how long it takes to set that particular IVA up. A straight forward IVA case would take approximately 6-7 weeks, whereas a complex case could take inexcess of 12 weeks… Read more

If an Attachment of Earnings Order (AEO) is in place, a debtor's income is reduced at source before their income is paid out to them. An Attachment of Earnings Order (AOE) instructs the debtor's employer to deduct the awarded payment out of the debtor's income when there has been a history of non payment.… Read more

The best IVA advice comes from people who can relate to your personal situation, and at My IVA Adviser we specialise in giving the very best IVA advice. Using all our IVA expertise, we can guide you through the IVA process, making sure you receive the best IVA guidance along the way.… Read more

It's true you'll need to change bank accounts. IVAs require that all unsecured debts are included in the agreement, even small overdrafts, so obviously, it will be necessary for you to move to another bank, who will be able to provide you with a functioning bank account for your day to day needs.… Read more

People with IVAs are precluded from taking out loans during the IVA process. Individual Voluntary Arrangements are legally binding 'fixed term' repayment plans, that allow people with unaffordable loan repayments an opportunity to reach a new arrangement with their loan companies.… Read more

Once you enter into an IVA your credit file will be affected. The Insolvency Service, which is the Government's department that deals with insolvencies, including IVAs, will contact the Credit Reference Agencies (CRAs). They will then add a note on your credit file stating that you are in an IVA.… Read more

HSBC's attitude towards IVAs has been well documented for some considerable time now, and shows no sign of improvement. HSBC's influence on an IVAs chances of success are based around the percentage of the total debt HSBC own.… Read more

To finish an IVA early, without going bankrupt, you will need to make an offer of a Full and Final settlement to your creditors. The size of the offer you will need to make finish an IVA early will depend on the length of time you IVA has been running, how much debt you had when you entered into the IVA and also the circumstances which have arisen to bring about the need to finish the IVA early.… Read more

IVA case studies offer a great opportunity to analyse the circumstances surrounding the IVA case study itself, and enable us to assess the benefits the IVA has brought to the IVA applicants. This IVA case study concerns Mr & Mrs G. from the South East of England.… Read more