Atlantic Debt Relief

If you are in an IVA there may be times when unforeseen financial problems mean you are unable to make your regular monthly payment. We consider what would happen in these circumstances.If you are unable to pay your unsecured debt, an individual voluntary arrangement (IVA) can be used to resolve the problem by allowing you to reduce your monthly payments and settle the debt within a fixed period of time.Because an IVA generally involves your creditors writing off a portion of the debt that you owe, maintaining the reduced payments which have been agreed must be treated very seriously.You cannot... 

What is an IVA?There is an alternative to bankruptcy called an “Individual Voluntary Arrangement” (IVA). This is a formal arrangement through the county court to pay an agreed amount off your debts over a shorter period. This usually means paying a high monthly instalment over 3 to 5 years. The rest of the debts are written off. Some IVAs are set up on the basis of using a lump sum to make offers to the creditors rather than make monthly payments. Some IVAs are a mixture of both.Is an IVA suitable for me?An IVA is not suitable for everyone. It is usually only worth looking at if you... 

First we had the IVA and now we have the SIVA, or Simple IVA. The SIVA is likely to replace the existing type of IVA. Here we outline the major differences between the two and how it will affect potential applicants.When the IVA was first launched by the Government in 1986 its main purpose was an alternative to bankruptcy for business people. However changes in the economy along with increased consumer spending trends and reliance on easily available credit pushed personal debt sky high. As a direct result, the use of the IVA became increasingly popular with consumers as well as business people.Due... 

Are you finding it hard to meet your IVA payment each month? Are you thinking about trying to end your IVA without becoming bankrupt? Maybe bankruptcy may not be an option as you may want to find a job which does not allow you to have been bankrupted.You need to ask yourself a few questions if you are still struggling to pay back your agreed payment for your IVA.1) How long have you been paying for your IVA? 2) Is it possible for your IVA to be modified so that you can further reduce the payments? 3) Do you have any assets?If you have been trying to pay back your IVA for a relatively short period... 

IVA specialists are the only individuals who are capable of successfully handling an Individual Voluntary Agreement plan. Leaving aside the fact that their expertise and knowledge is more than needed to manage the legal and financial proceedings that are involved, the presence of a trained and licensed legal expert is mandatory, as IVA’s are a formally legal binding agreement between you and your creditors.What can IVA specialists do for me?With the help of an Individual Voluntary Agreement, IVA experts can reduce the total amount of debt you have accumulated by 75%. While you would think... 

If you want to carry out an IVA, your creditors must be given the opportunity to accept or reject the payment proposal. However, if any of your creditors say no to the agreement, this does not mean that it cannot be implemented.An individual voluntary arrangement (IVA) is a personal debt solution which allows you to pay back as much as you can to your creditors over five years.After your IVA is completed, whatever debt is remaining will be written off. An IVA is therefore a very good way of ensuring that you will be debt free in a fixed period of time.However, because the IVA solution allows... 

“What’s an IVA exactly?” “What can it do for me and my financial problems?”, “How much time and money will this cost me?” These are the sort of questions that are addressed and discussed by hundreds of troubled debtors such as yourself.“What is an IVA and what can it do for me?”What you need to know for now is that IVA is a viable UK alternative to bankruptcy that could be the solution for all of your financial troubles, no matter how bad you may think they are right now. For some people, it has provided the glimmer of hope they needed to... 

Getting professional IVA help can work very well for all individuals who have struggled badly with their money in the past. We’ve all felt the need of some financial guidance to assist us in getting through our hard times with money every now and then. But for some, money problems can turn so bad that they can start affecting their lives in a broad and meaningful way. We know how it is to not have any savings left anymore and to worry about your family’s future. Fortunately, for such serious financial problems, there is always the option of getting viable IVA help.How IVA help worksAn... 

Are you one of the many thousands of UK citizens with IVA debts? Every year a huge number of people end up seriously in debt and do not know where to turn. The debts are too big for a debt management plan to work, because there is not enough money left after your essential costs to contribute a realistic amount towards your debts. This just leaves bankruptcy as the only viable option. Well, not if you happen to live in the UK. There is another way out of debt that is better than filing bankruptcy, which is the individual voluntary arrangement or IVA.IVA stands for individual voluntary arrangement... 

If you are one of the many people who are currently struggling with mounting debts then you will obviously want to find a way of getting yourself out of the situation. An Individual Voluntary Arrangement, also known as IVA debt help, can be a good way of resolving these issues. The outcome of these agreements is a lowered monthly payment plan and they will usually lead to you being free of your debts within 5 years.To get yourself set up on one of these payment plans, you will usually have to provide a number of documents to go with the standard forms that you need to fill out. We have given...