IVA Articles

Christmas 2006 saw the amount of money spent on credit cards rise to a new record.… Read more

USwitch, the website that compares prices and products of different companies, and offers the option of changing suppliers, has said that credit card issuers are fueling the debt crisis.… Read more

The normal duration for an Individual Voluntary Arrangement (IVA) is 5 years, but in fact there are no restrictions on the minimum length of an Individual Voluntary Arrangement (IVA). The majority of Individual Voluntary Arrangements (IVAs) are expected to last for 5 years but the supervisor of the arrangement, usually an Insolvency Practitioner, can extend the term to 6 years and more rarely 7 years.… Read more

If you are in an Individual Voluntary Arrangement (IVA) and you're asking Can I start working for myself? there is nothing that prohibits you from doing so, but there are some points that My IVA Adviser would like you to be aware of.… Read more

Two of the largest debt advice companies in the UK are feeling the effects of the tightening restrictions that creditors are placing on Individual Voluntary Arrangements (IVAs).… Read more

An Individual Voluntary Arrangement (IVA) is a private arrangement between you and your creditors so there should be no need for your family or partner to find out. The only exceptions to this is if you are buying a property jointly, or if you have shared or joint debts.… Read more

The British Bankers Association (BBA) are to review whether or not there is a case for 'home inspectors' to be used as part of the Individual Voluntary Arrangement (IVA) application process, in their effort to reduce the amount of Individual Voluntary Arrangements (IVAs) that are being applied for.… Read more

The Office of Fair Trading (OFT) has criticised companies offering debt advice for misleading customers.… Read more

The question as to whether an Individual Voluntary Arrangement (IVA) is appropriate or not, is always a difficult one and has to be carefully considered, it needs to be balanced against many factors. By the time someone is considering the possibility of an Individual Voluntary Arrangement (IVA) most alternatives will have been looked at.… Read more

When in debt, and you are using either an IVA or a Debt Management Plan to help you repay your debts, its natural to dream of a large windfall payment coming your way.… Read more