Individual Voluntary Arrangement Articles
- Public sector redundancies leads to a rise in IVAs by Iain Wrenshall
- IVAs can now assist people with debts of £12,000 or more by Iain Wrenshall
- An increase in re-possessions leads to more enquiries about IVAs by Mike Roberts
- IVAs - the final step before Bankruptcy by Craig Cummins
2011 is forecasted to be the year in which the public sector gets hit with the redundancies & unemployments which has hit the private sector so hard.
Already their golden retirement packages are under threat as the realisation hits that they are not immune to the harsh realities of the real world.
Changes in the fee structures charged by Insolvency Practitioners have raised the viability of IVAs now being possible for individuals with debts as low as £12,000. Prior to this recent change the perceived industry minimum to ensure the financial viability of an IVA was for the debt owed to...
As the credit crunch bites and unemployment rises, house re-possessions are once again accelerating to levels last seen in the late 80's and early 90's. As such, IVA enquiries are increasing as people try and establish what their best course of action is.
IVA's are generally considered to be the last chance for anyone to repay a proportion of their debt as opposed to going Bankrupt. It enables them to protect their assets (e.g. their home), which would not be the case under Bankruptcy.
