Category: Individual Voluntary Arrangements (IVAs)
How to Spot and Challenge a Mis-sold IVA in the UK
What is a Mis-sold IVA? An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to pay back your debts over a set period, usually five or six years. IVAs are legally binding and must be managed by a licensed insolvency practitioner. They can be a useful way to manage unmanageable…
Can You Rent a Home If You Have an IVA in the UK?
Understanding an IVA and Renting When you’re considering renting a property while you have an Individual Voluntary Arrangement (IVA), it’s important to understand how this may affect your situation. An Individual Voluntary Arrangement (IVA) is a legally binding agreement between you and your creditors to pay back your debts over a set period, usually five…
