16 October 2009

IVA for Debt Solutions

As the divide between those struggling through unemployment and massive debts, and those who are working for Goldman Sachs widens, there are things to consider. For one, that a huge percentage of British people are in debts.

What is surprising is that not more people are seeking professional help to rescue them. Apparently, most people file straight for bankruptcy without considering an alternative...

The IVA (Individual Voluntary Agreement) was introduced in the late '80s by the Government and are provided by commercial insolvency practitioners. This means that while you may be charged a fee for getting an IVA, it is small compared to a regular loan or to the process of bankruptcy and it possible after-effects.

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