There has been a lot of confusion about who can an IVA help? and also about  whether it is better to do bankruptcy or an IVA. This section will go into detail about IVA's - Facts & how they work  and provide IVA - Help and information.

The procedure you choose will be based on your particular situation. When choosing between Bankruptcy or IVA you will need to examine the advantages and disadvantages of each procedure carefully.

If a person is long tern unemployed, retired or on long term incapacity benefit then choosing bankruptcy may be your best option.

To file bankruptcy there is a lot of forms to complete and there is court filing fee to pay. Even thought the bankruptcy process is long winded it does provide the person with a fresh start.

If, however, the person is in regular employment and wants to avoid the pitfalls of bankruptcy then it will be worth considering an IVA.

Bankruptcy or IVA

Which is the best option for you: Bankruptcy or an IVA (Individual Voluntary Arrangement)? By calling 0800 074 6918 we can highlight the many drawbacks of using the IVA procedure and Bankruptcy.

The procedure you choose will be based on your particular situation. When choosing between Bankruptcy or IVA you will need to examine the advantages and disadvantages of each procedure carefully.

If a person is long tern unemployed, retired or on long term incapacity benefit then choosing bankruptcy may be your best option.

To file bankruptcy there is a lot of forms to complete and there is court filing fee to pay. Even thought the bankruptcy process is long winded it does provide the person with a fresh start.

If, however, the person is in regular employment and wants to avoid the pitfalls of bankruptcy then it will be worth considering an IVA.

If you would like some free and impartial advice about IVAs then please contact or specialists by calling us on freephone 0800 074 6918