Our calculator will help you to decide whether an IVA is right for you.
An IVA has proven to be the perfect alternative for bankruptcy and a large number of people have taken advantage of this option to get rid of their huge debts. An IVA facilitates repayment of debts over a specific period of time in favour of both creditors and the debtors. It enables a debtor to reach a mutual agreement with their creditors by way of reduced monthly instalments over a fixed period of time. The amount left to be paid after the stipulated time is over is written off. If you are still thinking about why choose an IVA, here are some of the advantages of IVA, which will help you in deciding about this option:
Other advantages of signing an IVA and why choose an IVA are that there are no professional disqualifications with IVA and you can continue holding positions in public offices. The cost of IVA can be much lower as compared to bankruptcy.