Are IVAs just too good to be true?

Sometimes you might look at the benefits of an IVA and think that it is too good to be true. If you qualify for an IVA then you could write off a percentage of your unaffordable debt, be debt free in as little as 60 months, avoid bankruptcy and get to keep your home (although some homeowners may have to release a proportion of their equity).

However, an Individual Voluntary Arrangements (IVAs) are a form of Government legislation and, if you qualify, you have the right to propose this to your unsecured creditors. For further information please contact our IVA advisors on 0800 048 1766.



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