IVA stands for Individual Voluntary Arrangement.

An Individual Voluntary Arrangement, or IVA, is a formal debt solution which is designed to assist a person who is struggling with unaffordable personal repayments.

The IVA does this by restructuring the expected repayments to a new affordable monthly payment, thus helping the debtor to keep up to date with the priority expenses, such as secured loans - like a mortgage or rent payment, and essential living cost - without the fear of legal recovery action being taken against them by their unsecured creditors.

As the debate over the suitability of Individual Voluntary Arrangements (IVAs) as an appropriate debt solution rages on, people with serious debt problems are finding themselves being torn over the mixed messages within the advice they are receiving.

This article hopes to help people who have equity in their property come to understand how their equity will be effected before, during, and after an Individual Voluntary Arrangement (IVA), in cases where an Individual Voluntary Arrangement (IVA) is the debt solution they use to become debt free.

Getting the appropriate debt help and getting it at the right time is essential when trying to address a serious debt problem.

However, establishing which debt solution is the most suitable for your personal situation is equally important, after all, trying to solve a debt problem by starting off in the wrong direction could cost you more than just time and money.

As more and more people fall behind with their debt repayments, they are turning to the internet in the search for Debt Help.

However, people usually find that taking their first steps to solve a debt problem through the Internet actually raises a lot more questions about their debt problem than they ever imagined possible.

When you are thinking about an IVA it is essential that you compare IVA companies and choose the one you feel most comfortable with.