If you are currently experiencing financial problems and bankruptcy is not an option, an Individual Voluntary Arrangement could be the right choice for you. Let’s take a look at the benefits of Individual Voluntary Agreement (IVA) right now. Will my creditors keep contacting me? IVAs are legally binding, which means your creditors cannot pester you
A personal insolvency process is required when financial difficulties and debts become too much to handle. The purpose of an insolvency process is to form a settlement between the individual and the creditors to assess the remaining debts outstanding. An increase in bankruptcy A previous report from the Guardian highlighted how UK insolvencies had hit
Insolvency happens when companies or individuals’ financial obligations outweigh their assets. When companies are unable to pay off debts when they are due, they are insolvent. Many companies and individuals face insolvency each year. Some are able to quickly resolve the issue, whilst others are forced to take serious measures in order to deal with
