http://www.iva.org/ Accurate and impartial IVA advice and Help from the leading UK IVA specialists. Debt help and Advice on the Individual Voluntary Arrangement solution Copyright | 2011 - My Financial Solutions Ltd. All rights reserved. http://www.iva.org/images/iva-logo-rss.jpg http://www.iva.org/ http://www.iva.org/ Accurate and impartial IVA advice and Help from the leading UK IVA specialists. Debt help and Advice on the Individual Voluntary Arrangement solution http://www.iva.org/ http://www.iva.org/iva-process The IVA Process in a step-by-step guide to help you understand the stages of an IVA http://www.iva.org/iva-process http://www.iva.org/what-is-an-iva An IVA (Individual Voluntary Arrangement) is a formal debt solution that guarantees to freeze interest and stop creditors taking legal action against you http://www.iva.org/what-is-an-iva http://www.iva.org/iva-pros-and-cons IVA Pros and the remarkable advantages that an IVA has to offer - IVA Cons the main disadvantages of an IVA http://www.iva.org/iva-pros-and-cons http://www.iva.org/iva-calculator The IVA Calculator will generate your online debt report and calculate to most suitable debt solution for you http://www.iva.org/iva-calculator http://www.iva.org/about-iva-org Our primary objective at IVA.org is to assist people debt problems and to provide them with an achievable and affordable solution http://www.iva.org/about-iva-org http://www.iva.org/debt-management Debt Management Plans provide the opportunity to reduce their debt repayments to their creditors in a measured and fair way based on affordability. http://www.iva.org/debt-management http://www.iva.org/debt-relief-order-dro What is a Debt Relief Order DRO - Debt Relief Orders were introduced as an alternative to bankruptcy for people with a moderate debt but a minimal disposable income http://www.iva.org/debt-relief-order-dro http://www.iva.org/administration-order What is a Administration Order - Administration Orders are designed to assist people who have debts of less than £5,000 owed to at least 2 different creditors, and who are unable to maintain their repayments http://www.iva.org/administration-order http://www.iva.org/iva-application Apply for an IVA - Submit your IVA application online and one of our IVA Advisers will contact you straight away http://www.iva.org/iva-application http://www.iva.org/protected-trust-deeds What is a Protected Trust Deed - A Scottish Protected Trust Deed is a formal debt solution available only to people living in Scotland, Also referred to as the Scottish IVA http://www.iva.org/protected-trust-deeds http://www.iva.org/bankruptcy Bankruptcy is not a punishment. Bankruptcy is, more accurately, a legal process designed to provide the necessary structure needed to deal with a persons inability to repay their debts. http://www.iva.org/bankruptcy http://www.iva.org/iva-questions-answers IVA Questions and IVA Answers - The most important aspect of asking for help with a debt problem is asking the right people to help you. IVA FAQ's http://www.iva.org/iva-questions-answers http://www.iva.org/iva-information Information on the different types of IVA's and which IVA is the most suitable for your personal circumstances http://www.iva.org/iva-information http://www.iva.org/ask-an-iva-expert Ask one of our IVA experts a question regarding any aspect of the IVA application process, or if you are currently in an IVA ask a question related to your ongoing IVA http://www.iva.org/ask-an-iva-expert http://www.iva.org/contact Simply contact IVA.org and request help and information or ask a question regarding any aspect of the services that IVA.org can offer. http://www.iva.org/contact http://www.iva.org/fixed-term-iva The most common type of IVA is known as a fixed term IVA. Payments are made into the IVA fund during a fixed term, or duration, which is normally pre-set to 5 years. http://www.iva.org/fixed-term-iva http://www.iva.org/where-do-ivas-come-from IVAs were introduced as part of the Insolvency Act of 1986 as an alternative solution for people who's occupations prohibited them from using bankruptcy to clear their debt. http://www.iva.org/where-do-ivas-come-from http://www.iva.org/iva-basic-bank-accounts Do I need a new bank account for my IVA, there are several reasons why you should open a new basic bank account before you enter into an IVA. Your new bank account must not have any credit facility attached to it. No Overdraft, No Cheque Book, No Credit Card. http://www.iva.org/iva-basic-bank-accounts http://www.iva.org/who-pays-the-iva-fees IVA.org do not charge upfront fees but an IVA is not fee free, there will definitely be IVA fees. The good news is that you don't have to pay these fees, your creditors do. http://www.iva.org/who-pays-the-iva-fees http://www.iva.org/what-debts-can-go-into-an-iva An IVA can only settle unsecured debts, Bank Loans, Bank Overdrafts, Credit Cards, Store Cards, Unpaid Council Tax can go into an iva plus many more http://www.iva.org/what-debts-can-go-into-an-iva http://www.iva.org/how-much-will-the-iva-payments-be IVA payments will be based on affordability, with this in mind, IVA.org will only put forward an IVA payment we are sure you can afford and maintain. http://www.iva.org/how-much-will-the-iva-payments-be http://www.iva.org/what-debts-cannot-go-in-an-iva Secured debts cannot be included in an IVA only unsecured debts. Mortgages, Hire Purchase Agreements and Secured Loans are some of the debts that cannot be included in an IVA http://www.iva.org/what-debts-cannot-go-in-an-iva http://www.iva.org/how-long-will-an-iva-last There is no fixed time limit for the duration of an IVA. However, in the vast majority of cases an IVA will last 5 years, or 60 monthly contributions. http://www.iva.org/how-long-will-an-iva-last http://www.iva.org/what-will-happen-to-my-home-in-an-iva So long as you comply with the terms laid out in your IVA, your creditors can not force you to sell your home, even if there is equity within it http://www.iva.org/what-will-happen-to-my-home-in-an-iva http://www.iva.org/what-will-happen-to-my-car-in-an-iva An IVA protects you from having to sell your car. You will be allowed to set aside sufficient funds each month from your income to enable you to maintain the car and keep it in a roadworthy condition http://www.iva.org/what-will-happen-to-my-car-in-an-iva http://www.iva.org/can-i-still-pay-into-my-pension-with-an-iva Your creditors will allow you to continue to contribute into your pension during an IVA aslong as your contributions are not at an unreasonably high level http://www.iva.org/can-i-still-pay-into-my-pension-with-an-iva http://www.iva.org/will-my-employer-be-told-of-my-iva Your IVA is a private agreement between you and your creditors and your employer will not be notified. http://www.iva.org/will-my-employer-be-told-of-my-iva http://www.iva.org/can-i-include-a-business-loan-in-my-iva If you are trading under the status of a Sole Trader, then you will have to include all of your business debts into your IVA http://www.iva.org/can-i-include-a-business-loan-in-my-iva http://www.iva.org/overpaid-benefits Yes your overpaid benefits can be included in your IVA. If you are still entitled to that benefit then your benefit will be reinstated at the correct level. http://www.iva.org/overpaid-benefits http://www.iva.org/unpaid-inland-revenue-tax-bill Debts to the HM Revenue and Customs can be included within an IVA. All outstanding tax liabilities will be included in your IVA, so that they are treated in the same manner as all of your other debts. http://www.iva.org/unpaid-inland-revenue-tax-bill http://www.iva.org/can-i-do-an-iva-if-i-receive-disability-living-allowance-dla Yes, Disability Living Allowance (DLA) can be accepted as part of your total income, and receiving Disability Living Allowance (DLA) does not stop you being able to apply for an IVA http://www.iva.org/can-i-do-an-iva-if-i-receive-disability-living-allowance-dla http://www.iva.org/iva-credit-rating When you enter into an IVA, a note is put on your credit file to inform anyone who might be thinking of lending you money that you are in an IVA. The terms of your IVA will exclude you from obtaining credit and this note on your file helps to ensure this is the case. http://www.iva.org/iva-credit-rating http://www.iva.org/can-i-do-an-iva-if-i-am-unemployed You cannot enter into an IVA unless you have an income which more than based solely on State benefits. http://www.iva.org/can-i-do-an-iva-if-i-am-unemployed http://www.iva.org/what-happens-at-the-end-of-an-iva Once your IVA has successfully completed any outstanding balances will be written-off an you will be officially debt free http://www.iva.org/what-happens-at-the-end-of-an-iva http://www.iva.org/joint-iva What is a Joint IVA - When two people who live together have a shared debt problem it is possible for them to join forces to tackle the debt together http://www.iva.org/joint-iva http://www.iva.org/what-happens-if-my-iva-fails Once the IVA is deemed to have failed, the client is no longer under the legal protection of the IVA and their debts are no longer under the control of the Insolvency Practitioner http://www.iva.org/what-happens-if-my-iva-fails http://www.iva.org/lump-sum-iva-full-and-final-settlement Lumps Sum IVA's allow a person the chance of offering a cash Full and Final Settlement to their creditors instead of 5 years worth of payments in the typical manner http://www.iva.org/lump-sum-iva-full-and-final-settlement http://www.iva.org/single-iva Single IVA's are just that, IVA's prepared for people specifically designed to deal with their singular debt problem http://www.iva.org/single-iva http://www.iva.org/equity-iva Equity IVA is the term used to describe an IVA that includes an equity clause within the IVA proposal, placed there to determine how the equity held within a property should be treated. http://www.iva.org/equity-iva http://www.iva.org/non-equity-iva Quite simply Non Equity IVA's describe those IVA's which do not have any equity to be considered within the agreement http://www.iva.org/non-equity-iva http://www.iva.org/debt-solutions Find the most appropriate debt solution and learn about the alternative debt solutions available http://www.iva.org/debt-solutions