The Pros and Cons of an IVA
An IVA or Insolvency Voluntary Arrangement is a legal process which allows you to reschedule your debt repayments over a fixed period and effectively write-off up to 75% of your debts. If you stick to the arrangement and meet the rescheduled payments, after your agreed IVA repayment period is completed you are free and clear to resume you life without any financial supervision.
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