If you’ve taken the first steps to finally tackle your debts head on, it probably didn’t take all that long to come across a debt solution that seemed to be mentioned time and time again. We talk of course of an Individual Voluntary Arrangement (or IVA for short). Record numbers of individuals are turning to …
Not all that long ago I actually moved to the UK to study the benefits of debt relief options there. There are familiar U.S. based creditors in the UK but they handle debt relief entirely differently. While the U.S. struggled with disreputable debt settlement providers, the UK required debt relief providers to actually hold a …
By Andrew Smith Last year I predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements, the most-used personal insolvency procedure in England and Wales, in the first nine months of the year and here at ClearDebt we were pretty confident the total for the year …
“Dear Steve, I am currently on IVA debt management plan. At the moment am unemployed. Struggling to pay my plan. Am a single mother of four children. This is surpose to take five years to be written off or get out of the debt. I am not coping with it. some days we go to …
I really do read all the comments, all the Twitter messages you send me and appreciate the feedback. Over time a common statement I get is about my recommendations is that people think I suggest bankruptcy too often. For more information on this topic, please see all the links in my free guide about how …
“Dear Steve, I unfortunately was diagnosed with cancer couple of years ago. Due to such unexpected illness, I incurred more than a million HKD debt to cover my medical bills. I am currently working but not enough to cover my debt. I’m still not fully recovered so I’m not sure if I can keep the …
“Dear Jon, My wife and I are in an IVA and have made all the payments for the last six years. We have no equity in our house at this point. Can the creditors extend the Individual Voluntary Arrangement to eight years to make up for the lack of equity in our house? Ken” Hi, …
Brits in Individual Voluntary Arrangements (IVAs) are finding that even after they have spent five years repaying their debt through the binding debt repayment approach they are still stuck in the IVA and can’t get out. As part of the IVA process in the UK, consumers are told they must file a claim for overpayments …
“Dear Jon, Up until april this year I was a director of my own company with my husband. In april we decided that after 7 years of trading we could not carry on trading, a lot of the debts were in my personal name and I was being hounded by the creditors, I now have …
“Dear Jon, IVA since july 2008.£50000 owing I am now a pensioner still trying to work hard What realy will happen at the end of 5yrs.My friends over xmas said its a con and said i should close it down Carl” Carl, You failed to mention if you have property or not, as this can …