If you're struggling with debt then an IVA (Individual Voluntary Arrangement) could prove helpful. An IVA is often seen as a preferred alternative to bankruptcy, insolvency or sequestration, and allows an individual the opportunity to pay back debts without becoming stigmatised.
An IVA is generally arranged through a licenced Insolvency Practitioner, and although are contractually binding for the individual, the conditions are slightly more flexible for the individual.
So, if you are currently working through an IVA, we would encourage you to share your experience. Is the IVA helping your finances? Are the insolvency practitioners providing a good level of service? Your information will be extremely useful in helping other people who are in similar circumstances and require the services of an insolvency practitioner. Debt advice guide
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