What is an IVA and how can it help?
If you are having financial problems and you are thinking about bankruptcy, an IVA can be an alternative. An IVA means Individual Voluntary Arrangement. This means that instead of filing bankruptcy, you can go to an authorized licensed insolvency practitioner that will give you advice on how to get yourself out of debt and also be the middleman between you and your debtors. Usually these services are for free for the first initial advice and then once it is set up, there is a reasonable fee that you pay to the organization in order for them to stop the phone calls and start to lower your debt.