IVAs or individual voluntary arrangement can write off some of your debts. But they’re not for everyone.
Guest article by Sarah Sperring of Talk About Debt
An IVA or individual voluntary arrangement is one debt solution that’s a formal alternative if you want to avoid bankruptcy - and so protect assets that would otherwise be lost. Typically these are your home and car. But there’s a lot of misunderstanding about what IVAs are and how they can help if you’re experiencing serious debt problems. We’ve spoken to the experts, including the debt charities we partner with, to bring you this straight-talking guide to IVAs.