All about IVAs
IVAs are a way out for people with regular income who are nearing insolvency/bankruptcy due to
overwhelming debts. People who have debts to credit card companies and other creditors over £15,000..
IVAs and Eligibility
To be eligible for IVAs you'll need to have, as stated above, £15,000 of debts not including secured debts.
So these would be store cards, credit cards, car finance, unsecured loans, etc. You will also need at least
3 creditors, 1 or 2 creditors will not do. You would have to be classed as insolvent ie. an individual who
cannot fulfill his financial obligations.
IVAs in depth
To find out more about IVAs visit our site
IVA-Specialists.co.uk, we help people learn about
the ins and outs of debt management through IVAs.
Some of our other IVA Help pages include:
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