The Guardian’s “diary of a debtor” blog story has brought up an interesting option for some people in debt – a full and final IVA. We look in more depth at how these work and what’s involved in clearing your debt using this method.
Posts Tagged ‘process of IVA’
Full and final IVA settlements
by Nazma Noor on October 11th, 2010
Creditors’ representative TIX making life more difficult for disabled debtors.
by Andrew_F_Smith on August 27th, 2010
We are appalled at the behaviour of the biggest organisation representing creditors in IVAs – TIX. Individual Voluntary Arrangements (IVAs) are supposed to be accepted by creditors when they are affordable, achievable and represents the debtors’ best efforts. They are supposed to be the best a person can do to repay as much as possible of the debts. It’s a five year commitment (usually) and its pretty fair for both sides – but it isn’t supposed to be set at a level that makes life horribly hard.
IVAs are the easy way out – or are they?
by David Mond on April 1st, 2009
“Sticks and stones may break my bones, but names will never hurt me!” It seems that for many people in Britain, assumptions are being made about of lot of things. People assume only a certain type of person falls into debt, and others assume only a certain type of person has no debt, and what [...]
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