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    remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively wal

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    One of the most common questions that I get asked each day is, what exactly is an IVA?

    An IVA is a preferable option to bankruptcy and stands for the term "Individual Voluntary Arrangement".

    It's basically a formal arrangement between you and your creditors to pay a pre-agreed amount of money towards your debts on a monthly basis, typically over a term from three to five years. And providing all the pre-agreed payments are paid at the agreed times, the remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively walk

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    ion to bankruptcy and stands for the term "Individual Voluntary Arrangement".

    It's basically a formal arrangement between you and your creditors to pay a pre-agreed amount of money towards your debts on a monthly basis, typically over a term from three to five years. And providing all the pre-agreed payments are paid at the agreed times, the remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively wal

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    ngement between you and your creditors to pay a pre-agreed amount of money towards your debts on a monthly basis, typically over a term from three to five years. And providing all the pre-agreed payments are paid at the agreed times, the remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively wal

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    ally over a term from three to five years. And providing all the pre-agreed payments are paid at the agreed times, the remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively wal

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    remainder of your debts are written off by your creditors.

    Quite often this can mean that you effectively walk away from up to 75% of your debts in a matter of weeks.

    IVAs can also be set up with just an up front lump sum payment, (if and when funds are available), or a combination of a smaller lump sum payment and a lower monthly payment over a pre-agreed period of time.

    Now obviously, individual voluntary arrangements are NOT suitable for everyone. They are structured to help people in certain circumstances to improve their debt problems without the need to fil

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