If you are experiencing financial difficulties then you may be considering an Individual Voluntary Arrangement (IVA) as a solution to these problems. Although they can be a good solution to debts, IVAs aren’t suitable in all situations and so how do you know if an IVA is right for you? A major factor in whether [...]
Posts Tagged ‘IVA’
IVAs – What are the Alternatives?
As a solution to debt Individual Voluntary Arrangements (IVAs) are a good option for many people. However IVAs are only suitable in a fairly narrow set of circumstances and so if you are having financial troubles then there is a good chance that you will need to consider an alternative solution. If you are struggling [...]
Personal Insolvency Cases Drop 3 Percent
The number of people declaring insolvency in England and Wales has dropped for the first time since 2007. In the second quarter of this year (April-June) there were 34,743 personal insolvencies, a drop of 3% on the first quarter of 2010. However with insolvencies reaching a record high at the start of this year it [...]
How long does it take to get an IVA?
If you’re suffering from overwhelming debt problems then getting an IVA could be the best option for you. So how long does it take to get an IVA? Since every individual voluntary arrangement is unique there is no default answer to this question with the length of time it takes to set up the IVA [...]
Bankruptcy Risk Highest in the North East
Latest figures have shown that you are more likely to be declared bankrupt or enter into an IVA if you live in the North East than anywhere else in England and Wales. Insolvency trade body, R3 recently published a ‘bankruptcy map’ revealing the regions that have seen the highest proportion of new personal insolvency cases. [...]
Solving Debt Problems – What are your options?
With latest statistics showing average household debt in the UK reaching as high as £8,716 (excluding mortgages) it is perhaps of no surprise that more and more people are facing up to financial difiiculties. Currently rates show that someone will be declared insolvent or bankrupt every 51 seconds! Fortunately if you are having trouble keeping [...]