IVA Blogtag:www.myiva-adviser.com,2008:/blog//12007-10-29T21:56:11ZArticles and Information on everything related to IVAsMovable Type 3.35What Does IVA Stand For ?tag:www.myiva-adviser.com,2007:/blog//1.5322007-10-29T20:12:37Z2007-10-29T21:56:11ZIVA 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...Iain Wrenshallwww.myiva-adviser.comformal 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.
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insolvency practitioner. The insolvency practitioner is chosen by the debtor to assist with the IVA proposal, and the insolvency practitioner oversees or supervises the IVA for its full term.
An IVA will under normal conditions last for a term of 5 years, after which time the debtor will be considered debt free, even if they have not been able to repay the full original level of debt.
An IVA is especially suitable when the debtor has a property they need to protect from their unsecured creditors. This is because once the IVA has been agreed, and so long as the debtor adheres to the IVA terms, the unsecured creditors are unable to force the sale of the property, instead they settle for as much equity as can be released via a standard remortgage.
The IVA is also extremely suitable as a debt solution when the debtor has an occupation which would be put at risk should the debtor be made bankrupt. Professional occupations such as accountants or legal professionals, or indeed an occupation where there is deemed to be a high level of responsibility or trust such as a Police Officer, someone in the armed services or a bank employee, all find themselves protected by an IVA, and it is a real alternative debt solution to bankruptcy.
An IVA is also a private arrangement betweeen the debtor and the creditors, and although it will appear on the IVA register, it is not made public which is not the case in bankruptcy.
If you would like further information about the suitability of an IVA to assist you with your personal circumstances the call...
0800 088 7503
and have a chat with one of our IVA specialist advisers. Alternatively, you could enter your details into our quick contact form and we'll call you at your convenience.
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Equity IVAstag:www.myiva-adviser.com,2007:/blog//1.5312007-10-26T12:22:26Z2007-10-29T22:07:52ZAs 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...Iain Wrenshallwww.myiva-adviser.com
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.
re-mortgage.
However, it is also true that someone who is in an Individual Voluntary Arrangement (IVA) will not be able to release as much equity in a re-mortgage as someone who has a clean credit history, and our experience tells us that normally a person in an Individual Voluntary Arrangement (IVA) could expect to raise only 75% - 80% of the equity within their home.
This amount equity would usually be expected to be raised at the end of the fourth year, and would generally bring the Individual Voluntary Arrangement (IVA) to a early close. If the amount of equity available for release was insignificant, or the extra borrowings made the cost of the re-mortgage unaffordable, then the creditors would consider continuing with the Individual Voluntary Arrangement (IVA) in the normal way until the end of the fifth year. At which time there would be a reassessment of the conclusion of the Individual Voluntary Arrangement (IVA) and may even not involve the equity at all.
If you would like to read our special guide, which explains all about the equity issues within an Individual Voluntary Arrangement (IVA), click the link to download.
For more information on everything to do with Individual Voluntary Arrangements (IVAs) call our specialist advisers on
0800 088 7503
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Debt Solutionstag:www.myiva-adviser.com,2007:/blog//1.5302007-10-25T18:58:01Z2007-10-29T21:56:11ZGetting 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,...Iain Wrenshallwww.myiva-adviser.com
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.
Once you have a clear understanding of where you are you can then opt for the most appropriate debt solution available.
Principally there are 4 main debt solutions,
Consolidation Loans: These are loans where all a person's debts are brought together under one new lower payment. It is important to understand that this debt solution has a limited ability to help with a debt problem, as the size of the required loan may be too high for a person to realistically achieve. Also, taking out a consolidation loan without addressing the underlying financial problems that may be being experienced will only lead to a bigger debt problem in the future.
Call 0800 088 7503 to discuss this debt solution now
Debt Management Programs: Debt management programs fill a very useful requirement within the whole debt solution portfolio. They are especially helpful to people whose debt problem is short term, perhaps due to unemployment or illness. However, they do not tend to be suitable for people who are suffering from a chronic debt problem, or one where there is no end in the short term, for example when someone is suffering from a long term disability, or someone who has taken retirement. Of course it would also depend on the size of the debt problem, and how much money the person was able to afford in repayments to their creditors.
Call 0800 088 7503 to discuss this debt solution now.
Individual Voluntary Arrangements (IVAs): This debt solution will help people who have built up debts of over £15,000 to 4 or more creditors, and find themselves unable to afford their normal monthly repayments. It is especially appropriate when someone has a large asset or property the wish to protect, or an occupation which would be put at risk should they declare themselves bankrupt. What's more - you may not have to repay your creditors the total amount you owe them.
Call 0800 088 7503 to discuss this debt solution now.
Bankruptcy: Which is in most people's eyes the ultimate debt solution. It is worth bearing in mind not all debts are written off in bankruptcy, and you will be required to pay your creditors whatever it is deemed you can afford. It should go without saying - take professional advice before declaring yourself bankrupt, so you can be informed of exactly what to expect in the process.
Call 0800 088 7503 to discuss this debt solution now.
If you need further information on your most appropriate debt solution call one of our debt solutions experts now on...
Free Phone 0800 088 7503
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Getting Debt Helptag:www.myiva-adviser.com,2007:/blog//1.5292007-10-25T18:10:07Z2007-10-29T21:56:11ZAs 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...Iain Wrenshallwww.myiva-adviser.com
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.
0800 088 7503 for DEBT HELP now
We will be able to guide you through the whole process of analising your debt problem - we will explain all your available debt solutions with you - and give you all the debt help you need.
We will not judge you.
We will not criticise you.
Just remember, there's always somebody else who's been in your situation before you, and there's always debt help available to any situation.
MyIVA-Adviser.com'sspecialist debt advisers will be available at anytime to guide you through the confusion of debt, so don't put the call off, we're here to help.
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Compare IVAtag:www.myiva-adviser.com,2007:/blog//1.4852007-05-16T14:44:34Z2007-10-29T21:56:11ZWhen you are thinking about an IVA it is essential that you compare IVA companies and choose the one you feel most comfortable with....Chris Wrenshallwww.myiva-adviser.com
When you are thinking about an IVA it is essential that you compare IVA companies and choose the one you feel most comfortable with.
myIVA-Adviser.com we are confident that our service is second to none, and we have written an article which can be found at our articles page which is all about the steps you need to take when deciding which IVA company you should use.
This article will allow you to compare IVA companies so that you can choose which suits your needs best. It breaks down what to look for and is a useful tool in making your choice.
If you need to chat through your decision call 0800 088 7503 and one of our advisers will help you, or you could leave your details at our quick contacts page and we'll call you back at the most convenient time that suits you.]]>
Student loans IVAtag:www.myiva-adviser.com,2007:/blog//1.4842007-05-16T14:30:25Z2007-10-29T21:56:11ZIVAs are designed to assist any person struggling with an overwhelming debt problem. But what happens when one of the debts is owed to the Student Loan Company?...Chris Wrenshallwww.myiva-adviser.com
IVAs are designed to assist any person struggling with an overwhelming debt problem.
But what happens when one of the debts is owed to the Student Loan Company?
Individual Voluntary Arrangement (IVA) can help.
An IVA) is a new agreement with existing creditors. Monthly debt repayments are replaced with one monthly contribution into the IVA fund. The contributions to the IVA fund continue for the duration of the IVA, normally 60 months, after which time the debts will be considered settled. (If there is any debt not fully repaid through the IVA, the creditor concerned will be required to write off the remainder.)
Many graduates find themselves in an impossible position.
Years of studying, training, and exams, all for an opportunity to improve their future earning potential, whilst all the while finding themselves being buried in a mountain of personal debt.
One such debt could be to The Student Loan Company LTD, for they are the providers of student loans. Student loans are part of the government's financial support package for students, and are designed to assist students whilst in higher education in the UK.
Many graduates are simply unable to earn their way clear of their debt problems and consider the route of Bankruptcy as a method of making a clean financial start.
However, bankruptcy does not clear Student Loan Company debts, (see bottom of page) so now, for people with such loans, an IVA becomes the most suitable solution.
For more information on IVAs, download our free guide "The Truth about IVAs", or call free on 0800 088 7503 where our specialist team is waiting to answer your questions.
Student Loans Background.
After the introduction of the Enterprise Act in 2004, (where several amendments were made to the bankruptcy laws, which among other things, reduced the term of a bankruptcy to 12 months.) more and more students recognized the advantages of declaring themselves bankrupt to enable themselves to 'clean the financial slate' before commencing with the rest of their lives.
However, due to the sheer amount of graduates opting for the bankruptcy solution, the government made further changes and loans owed to The Student Loan Company were deemed no longer a provable debt in a bankruptcy.
For more information click student loans.]]>
IVA Equitytag:www.myiva-adviser.com,2007:/blog//1.4832007-05-16T14:20:30Z2007-10-29T21:56:11ZAt myIVA-Adviser.com we can advise you about how an IVA will affect your equity. If you are in debt but you own a property it may be that any equity in your property may help to solve your debt....Chris Wrenshallwww.myiva-adviser.commyIVA-Adviser.com we can advise you about how an IVA will affect your equity. If you are in debt but you own a property it may be that any equity in your property may help to solve your debt.]]>
articles page and read our articles about IVAs and equity including the following:
"Will the equity in my house affect my IVA?""Can I finish my IVA early?""How will an IVA affect the equity in my house?"
If you need extra information about IVAs and equity call 0800 088 7503 and speak to one of our advisers or leave your details at our quick contact page so that we can call you back. ]]>
About IVA'stag:www.myiva-adviser.com,2007:/blog//1.4822007-05-16T11:54:50Z2007-10-29T21:56:12ZTo find out more about IVA's ask myIVA-Adviser.com we specialise in giving IVA advice to people with serious debt problems....Chris Wrenshallwww.myiva-adviser.comIVA's ask myIVA-Adviser.com we specialise in giving IVA advice to people with serious debt problems.]]>
articles page which explains about IVAs and how IVAs work.
If you prefer call us on 0800 088 7503 and speak to one of our advisers who can tell you about IVA's or leave your details at our quick contact page so that we can call you back.]]>
IVA,stag:www.myiva-adviser.com,2007:/blog//1.4812007-05-15T11:13:11Z2007-10-29T21:56:12ZWhat are IVAs? Visit myIVA adviser.com to find out. We specialise in giving factual IVA advice to people considering an IVA....Chris Wrenshallwww.myiva-adviser.com
myIVA adviser.com to find out. We specialise in giving factual IVA advice to people considering an IVA.]]>
articles page which help explain more about IVAs and how they work. If you prefer call 0800 088 7503 and speak to one of our advisers or leave your details at our quick contact page so that we can call you back at a time more convenient to you.]]>
Unemployed IVAtag:www.myiva-adviser.com,2007:/blog//1.4802007-05-15T10:58:58Z2007-10-29T21:56:12ZIf you are unemployed you will not be allowed to do an IVA. The rules of an IVA state that you must not be unemployed....Chris Wrenshallwww.myiva-adviser.com
If you are unemployed you will not be allowed to do an IVA. The rules of an IVA state that you must not be unemployed.
myIVA-Adviser.com we specialise in giving IVA advice to clients who are considering an IVA. To find out more about IVAs call our experts on 0800 088 7503 or leave your details at our quick contacts page so that we can call you back at a time more convenient to you.]]>
IVA versus bankruptcytag:www.myiva-adviser.com,2007:/blog//1.4792007-05-15T10:27:57Z2007-10-29T21:56:12ZThe choice between IVA versus bankruptcy will depend on your circumstances and on your attitude towards the money you owe. At myIVA-Adviser.com we specialise in giving the most appropriate debt advice unlike some other companies which have a hidden agenda...Chris Wrenshallwww.myiva-adviser.com
myIVA-Adviser.com we specialise in giving the most appropriate debt advice unlike some other companies which have a hidden agenda to put you into an arrangement that suits their profit margin more than your debt problem.]]>
myIVA-Adviser.com we have written a series of articles which can be found at our articles page and are written in a non biased way designed to help you choose the right solution for you.
The following titles are included in the articles page and may help you to decide which option to choose in the question of IVA versus bankruptcy
What is an IVA?What is Bankruptcy?IVA or Bankruptcy, which is the best solution for me?How to finish an IVA early without bankruptcy?
You may prefer to download our free to use guide called:
The facts you should know about IVA versus bankruptcy
which can be found at our free to download guides page
For more information about IVA versus bankruptcy call 0800 088 7503 and speak to one of our specialist advisers or leave your details at our quick contact page and we will call you back.]]>
Mortgage included IVAtag:www.myiva-adviser.com,2007:/blog//1.4782007-05-15T09:41:46Z2007-10-29T21:56:12ZA mortgage is not included as a debt in an IVA. A mortgage is a secured debt which cannot be included in an IVA...Chris Wrenshallwww.myiva-adviser.comsecured debt which cannot be included in an IVA]]>
myIVA-Adviser.com we specialise in giving IVA advice including how an IVA affects a mortgage.
To learn more about IVAs and mortgages visit our articles page and read our articles about IVAs and mortgages including the following:
"Can I get a mortgage when I am in an IVA?""Will the equity in my house affect my IVA?""Can I finish my IVA early?""How will an IVA affect the equity in my house?"
If you need extra information about IVAs and mortgages call 0800 088 7503 and speak to one of our advisers or leave your details at our quick contact page so that we can call you back.
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Can I get IVAtag:www.myiva-adviser.com,2007:/blog//1.4762007-05-14T11:15:38Z2007-10-29T21:56:12ZIf you are asking yourself "Can I get an IVA?" you should speak to myIVA-Adviser.com who specialise in arranging IVAs for clients if that is the most appropriate solution to their debt problem....Chris Wrenshallwww.myiva-adviser.commyIVA-Adviser.com who specialise in arranging IVAs for clients if that is the most appropriate solution to their debt problem.]]>
'Debt Detective' an online tool which indicates whether an IVA would work for you.
We have also written a series of articles designed to help you answer some of the questions you may have about an IVA.
If you prefer you can leave your details at our quick contact page or call one of our specialist advisers on 0800 088 7503 so that they can discuss whether an IVA is appropriate for you. ]]>
How long does it take to start an IVA uptag:www.myiva-adviser.com,2007:/blog//1.4752007-05-14T10:59:36Z2007-10-29T21:56:12Z'How long does it take to start an IVA up?' is a question we are often asked here at myIVA-Adviser.com We have written a series of articles which can be found at our articles page...Chris Wrenshallwww.myiva-adviser.commyIVA-Adviser.com We have written a series of articles which can be found at our articles page]]>
'How long does it take to set up an Individual Voluntary Arrangement?''How long does it take to set up an IVA?'
both of which explain the process of starting up an IVA and how long that may take. If you need extra information about how long it takes to start up an IVA call 0800 088 7503 and speak to one of our advisers or leave your details at our quick contact page and we will call you back.]]>
Mortgages for IVAtag:www.myiva-adviser.com,2007:/blog//1.4742007-05-14T10:42:47Z2007-10-29T21:56:12ZMortgages for IVA holders are usually arranged by specialist mortgage providers. At myIVA-Adviser.com we can help you find such a specialist mortgage provider....Chris Wrenshallwww.myiva-adviser.commyIVA-Adviser.com we can help you find such a specialist mortgage provider.]]>
articles page including the following:
'Can I get a mortgage when I am in an IVA?''Will the equity in my house affect my IVA?'
If you would like to know more about mortgages for IVA holders call 0800 088 7503 and speak to one of our advisers or if you prefer leave your details at our quick contact page and we will call you back.]]>