How does an IVA affect your life?

An individual voluntary arrangement (IVA) is a legally enforceable contract between you and your creditors that allows you to pay off your obligations at a reasonable rate. It’s a type of insolvency that can have a variety of consequences for your financial condition.
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An IVA effect your life income or assets you receive. If you decide to sell your home while you have an IVA, all proceeds from the sale may be required to be paid into the IVA. You must notify your insolvency practitioner if your income increases while you are under an IVA. Call the National Debt Helpline today at 03338803165 for more information!!

An individual voluntary arrangement (IVA) is a legally enforceable contract Write  off debts with an iva  between you and your creditors that allows you to pay off your obligations at a reasonable rate. It’s a type of insolvency that can have a variety of consequences for your financial condition.