Monday, 12 December 2011
What is an IVA - Will it Keep Me Afloat?
Many people ask me the question what is an IVA , The term IVA is short for (Individual Voluntary Arrangement) which is is a debt arrangement scheme for people who have a mountain of debt that they are not able to repay. Debt-ridden folks opt for an IVA instead of declaring bankruptcy, because bankruptcy severely and legally compromises their assets. The borrower (or, debtor) enters into an agreement with his lenders (or, creditors) and agrees to keep making reduced payments against his debt
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