Story Tag: individual voluntary arrangement
Individual Voluntary Arrangement (IVA) – Introduction – Acme Credit acmecredit.co.uk
What is an IVA? The Individual Voluntary Arrangement (IVA) was introduced under The Insolvency Act 1986 as an alternative to bankruptcy. It is characterized as a negotiated debt reduction solution because the creditors agree to write off a percentage of the debt owed to them as part of the arrangement. -> How can it help in managing your debts? -> Features of IVA -> Click…