IVA Advice

Introduction to IVA's

The IVA advice provided by Money Advice Direct will always ultimately be provided by Licenced Insolvency Practitioners who are the only type of professionals who are fully authorised to Cary out IVAs. All questions or problems related to IVA advice can be dealt with by contacting Money Advice Direct. The process from start to end will be completely confidential and without obligation and our IVA advice will be carried out in an accurate and detailed manner.

For confidential advice call us our 24 hour free phone help line on 0800 074 6918

When clients contact Money Advice Direct they will access a dedicated case adviser who will providing advice and solutions to help clients with £pounds sterling debt problems.

Each month Money Advice Direct provide confidential and no obligation advice debt advice on:

• Bankruptcy
• Debt management
• Individual Voluntary Arrangements (IVA)
• Protected Trust Deeds
• Administration Orders
• Budgeting advice

We are closely associated with several advice services around the UK and prove best advice at at all times. Many people do not want to queue up at their local citizens advice bureau or advice centre so get referred to Money Advice Direct debt advice team for the high quality of advice provided.

IVA Advice is an area that Money Advice Direct are leaders in.

Money Advice Direct provide detailed individual voluntary arrangement (IVA) advice and information:

We have a very well laid best advice model for IVAs which follows the following steps:

1. IVA Advice
2. IVA costs
3. IVA criteria
4. How an IVA works
5. IVA frequently asked questions
6. What is an IVA?
7. Who can an IVA help?
8. How does the IVA process work?

Many people have never heard of an IVA so they ask, " what is an IVA?". The IVA or Individual Voluntary Arrangement is a legally binding agreement brokered by an insolvency practitioner between the creditors and the person in debt. The idea of an IVA provide a agreement to give the creditors a better deal than they would receive in bankruptcy. The IVA is fantastic because it allow you to pay back as much as is affordable over a fixed period.

IVA advice for beginners:-

• The IVA was introduced an an alternative to bankruptcy. If an IVA is agreed then the total amount owed is reduced by up to 75%, all interest is stopped and the creditors can no longer take action in the county courts to recover the debt.
• The IVA is much better than the debt management programmes advertised on TV, radio or the tabloids because an IVA is legally binding.
• The IVA is preferred by both debtors and creditors because the fees are lower than in bankruptcy and in an IVA the creditors receive a higher dividend.
• An IVA offers more money to the creditors than bankruptcy

For IVA advice or discuss the IVA process on please call The IVA Helpline on 0800 074 6918

The Advantages of an IVA are the following:-

• The IVA is a very good way of avoiding bankruptcy
• You can still get a mortgage if you are in an IVA
• The IVA a piece of government legislation under the Insolvency Act 1986
• Under an IVA a person can still act as an accountant, solicitor, barrister or JP.
• An IVA can write off up to 80% of your debts
• An IVA is suitable for debts as little as £15,000
• You can still have a bank account with an IVA.
• You no longer have to pay interest on your debts with an IVA.

Please note that our advice is available to help people get debt free (subject to terms and conditions). Some clients just need someone to talk to so they can get their budget in order, some want to go bankrupt other just want IVA advice. If clients need help with debts over £15,000 they can get access to detailed IVA advice that will be tailor made to the persons or families situation. A dedicated case adviser will be assigned to the client and they Will be given he direct number of their case worker. The case adviser will provide non judgemental help, information and IVA advice on a pre-booked or ad-hoc basis.

 

To discuss the IVA process on please call The IVA Helpline on 0800 074 6918.

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