Information on IVA |
Are you planning to opt for an IVA program? Don’t have proper information about the program? IVA Information is your trustable partner, where you will get all possible information about the IVA program. Apply to us and with our information and advice, you can understand easily that how this program will solve your debt problem.
Mainly IVA is an alternative of bankruptcy. As per the program, a settlement is made between borrowers and creditors. According to the settlement, borrowers are bound to pay off the amount with monthly installments.
Fulfilling some criteria is required in order to apply for an IVA program. These are like,
- Your debts should be unsecured
- It should be at least £ 15,000
- You must have a regular income in order to make regular payment.
Altogether, it takes 4-6 weeks to apply and settle an IVA program. In the meantime, the formalities including fact filing, evidence collecting, propasals drafting, sending it to creditors are done.
For approving an IVA program, 75% majority should be in favor of the proposal. Once it is approved, the term of the period is decided for five years. During this time, by making monthly payment debtors pay off the amount.
At IVA Information, you will get proper information regarding the program, which will help you to take a better decision. Even more, our experts’ advice will enable you to understand the program clearly. For applying at IVA Information, you need to fill an online application form on our secure server. We are open for 24 hours, so at anytime you can apply to us. After receiving your information, our representatives will contact you and provide you all information on an IVA program. |
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