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What is an IVA?

Submitted by Paolo on Thu, 2008-01-03 15:19.

An IVA is a relatively new option for debtors in the UK. It is an alternative to bankruptcy.

It is where companies wil negotiate terms with your creditors to try to reduce your repayments of your debt.

Once the duration of the IVA is over you are left debt free.

For more information please look below.

Extensive IVA information available

With Britain's debt continuing to grow and the IVA also increasing in popularity, knowing all the facts about the procedure is becoming even more important.