Have all those life insurance quotes– about leaving a good legacy for your kids, planning your funeral on My Net Research, stowing enough cash away in your savings account – got you thinking about renovating your home? If so, you’re not alone. These days, many homeowners, like you, are starting to find extra motivations to renovate their …
Individual Voluntary Arrangement or IVA is a debt solution in the form of a legally binding agreement between a debtor and their creditors. The IVA is set up by an Insolvency Practitioner (IP) who acts as an intermediary between the two parties. The IVA agreement can be very beneficial if used correctly as it can reduce …
Whilst there’s a common assumption that IVA’s can’t be entered into if you’re self-employed that thankfully isn’t true. In fact, on the contrary, IVA’s were first introduced by the Insolvency Act 1986 to help struggling businesses (and especially sole traders) to deal with their debts without having to enter into bankruptcy. Since then, IVA’s have …