It's a good question we get asked a lot here at myIVA-Adviser.com

"What is a Individual Voluntary Arrangement (IVA) ?"

Although the subject of Individual Voluntary Arrangements (IVAs) can be quite complex, in principal the actual Individual Voluntary Arrangement concept is based on a very simple idea, and it works like this...

An Individual Voluntary Arrangement (IVA) does not necessarily have to last 5 years, indeed, under the correct circumstances it is possible to arrange an Individual Voluntary Arrangement (IVA) that begins and ends with only one payment being made. This is sometimes referred to as a 'Full and Final' settlement Individual Voluntary Arrangement (IVA) or a 'One Off' Individual Voluntary Arrangement (IVA).

An Individual Voluntary Arrangement is a mechanism used for helping people with serious debt problems become debt free.

Understanding Individual Voluntary Arrangements can be a complex business.

Each Individual Voluntary Arrangement is unique and has its own complexities, but here at myIVA-Adviser.com we firmly believe that it makes good sense to explain to each client in full detail how an Individual Voluntary Arrangement would work for them specifically to their circumstances.

For general Individual Voluntary Arrangement help we provide a series of guides for you to download.

Do I choose an Individual Voluntary Arrangement over a Loan?

This is a question we are asked many times here at myIVA-Adviser.com by people looking for ways out of debt.

An IVA Calculator is a useful tool to help someone establish whether an Individual Voluntary Arrangement is a suitable solution to any particular debt problem.

There are several choices of IVA Calculator available online, but most are unable to give an accurate analysis of your debt situation, due to them having very limited capabilities.

And this is where the Calculator problems begin.

The way that an IVA or Individual Voluntary Arrangement affects the equity in a family home can have a serious impact on the decision as to whether an Individual Voluntary Arrangement (IVA) is a realistic solution for people with serious debt problems.

Individual Voluntary Arrangements are administered by Insolvency Practitioners (I.P.s), and there are many based all over the country. As in all walks of life though, some are better than others, so finding a reputable Insolvency Practitioner when you need one is not always straight forward.

This is one of the most important questions facing people with a serious debt problem and, to be honest, it can be an extremely difficult question to answer.

Often people who are in this situation believe that Bankruptcy is their only option, and are often unaware that an Individual Voluntary Arrangement even exists, as a viable alternative to Bankruptcy.

As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

R3, the Association of Business Recovery Professionals, has issued this press report (below) high-lighting regulation issues with Debt Management companies.

Take a moment to read the report and give us your thoughts.

Firstly, get your credit file here

"Who pays the bill or fees for an Individual Voluntary Arrangement ?" is a very natural question to ask oneself, especially if you are considering using the Individual Voluntary Arrangement process to become debt free.

In most Individual Voluntary Arrangement cases it will be necessary to open a new bank account, and usually, the sooner the better.

This is because, in the majority of cases, people with debt problems have at least one debt with their current preferred bank.

When you realise that you have a serious debt problem, it is quite natural to look for the quickest debt solution, to ease the anxiety of your situation.

This anxiety is based around seeking protection from your creditors.

An Individual Voluntary Arrangement (IVA) is a legally binding agreement between a debtor, (a person with debts) and his creditors (the companies that he owes the money to).

An Individual Voluntary Arrangement, or an IVA, as it generally called, is a mechanism used for helping people with serious debt problems become debt free.

A County Court Judgement (CCJ) debt can be included in an Individual Voluntary Arrangement.

The ethic of fair treatment for all unsecured creditors that surrounds an Individual Voluntary Arrangement insists that no one creditor should be given priority over another, even when that priority is a CCJ.

As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

Each IVA or Individual Voluntary Arrangement is unique.

Each person that enters into an Individual Voluntary Arrangement has personal circumstances different from anyone else.

Not knowing whether you can apply for an Individual Voluntary Arrangement (IVA) could be all that's between you and financial freedom.

The answer to whether you can apply for an Individual Voluntary Arrangement (IVA) is quite straight forward.

If you can answer YES to the following questions, then you can apply for an Individual Voluntary Arrangement (IVA) is an option to your debt problem:

The simple answer to the question is NO you will not need to attend Court whilst applying for an Individual Voluntary Arrangement (IVA).

Unlike with the Bankruptcy process which does require a person to attend Court, an Individual Voluntary Arrangement (IVA) does not require the applicant to attend Court.

Not All Individual Voluntary Arrangements (IVAs) last 5 years.

It is possible to arrange an Individual Voluntary Arrangement (IVA) that begins and ends with only one payment being made.

This is sometimes referred to as a "Lump Sum" Individual Voluntary Arrangement (IVA).

An Individual Voluntary Arrangement (IVA) is a legally binding agreement that assists someone with an overwhelming debt problem to become debt free.

For Immediate Individual Voluntary Arrangement (IVA) advice contact myIVA-Adviser.com, the IVA Specialists.

Individual Voluntary Arrangement (IVA) advice is readily available at many locations throughout the internet and sourcing this Individual Voluntary Arrangement (IVA) advice is straight forward using any of the main "search engines".

Yes, people in an IVA can take out a mortgage. However, there are few points to remember if you are considering taking out a mortgage whilst in an IVA and would like to avoid some of the pitfalls.

Read on, or click here to receive our free guide on how your property is affected by an IVA.

If you prefer, you can contact one of our experienced advisers on 0800 088 7503 or visit myIVA-Adviser.com for specialist information on IVAs.

With the ever growing personal debt mountain in the U.K. passing through the £1 trillion ceiling, more and more people are searching for a way out from beneath crippling personal debts.
One debt solution that has come to the fore recently is the Individual Voluntary Arrangement (IVA). But with its debt write-offs and fixed term, is it the perfect debt solution that people are searching for?

The option of an Individual Voluntary Arrangement (IVA) allows someone with a serious financial problem become debt free whilst avoiding bankruptcy. But can two people that share a serious amount of debt, but have only limited resources between them, use an Individual Voluntary Arrangement (IVA) to become debt free?

An IVA forms part of the 1986 Insolvency Act, which is a part of UK legislation.

An IVA allows someone who is heavily burdened with personal unsecured debts an opportunity to propose a new and affordable agreement with their creditors, without the need to declare bankruptcy.

Another good question we are asked frequently at myIVA-Adviser.com is:

"Which Debts can go into an Individual Voluntary Arrangement (IVA) ?"

Individual Voluntary Arrangements (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?

Being self-employed is one of the most rewarding experiences a person can have. There is nothing quite so satisfying as creating a profitable business, and facing the day to day challenges that come with it.

But the financial pressures of being self-employed can be extreme, and when circumstances conspire against you, it can be all too easy to find yourself facing a financial black hole.

When searching for debt solutions, it pays to do your homework and find out how the rules for each debt solution, either an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, will impact on your circumstances.

There are plenty of different sources of information available, but it can become very confusing, very quickly.

What you need are the rules in a nutshell.

For those people that live in Northern Ireland, and are struggling with financial difficulties, the Individual Voluntary Arrangement (IVA) still remains a possibility.

The crucial decision.

Do you make your repayment plan Formal by using an Individual Voluntary Arrangement, or Informal by using a Debt Management Programme ?

Your personal circumstances will have a major bearing on the outcome of this decision, because each solution, be it an Individual Voluntary Arrangement (IVA) or a Debt Management Programme, has its Pros and Cons.

To help you decide which of the debt solutions you prefer, here are the main Pros and Cons of each choice.

Getting correct advice is essential to making the right decision when considering an Individual Voluntary Arrangement (IVA). As obvious as it may seem the quality of the IVA advice given will depend on the quality of the Individual Voluntary Arrangement (IVA) adviser giving it.

In an ever increasingly competitive market place, finding an Individual Voluntary Arrangement (IVA) adviser with a thorough knowledge of the Individual Voluntary Arrangement (IVA) subject and an ability to pass on their knowledge, is getting more and more difficult.

Individual Voluntary Arrangement (IVA) are full of advantages for the debtor.

However, an Individual Voluntary Arrangement (IVA) does have its Cons or disadvantages.

Individual Voluntary Arrangement (IVA) specialists at myIVA-Adviser.com form part of a small but growing team dedicated to helping people solve their debt problems through an Individual Voluntary Arrangement (IVA).