Ivas â a Lifeline Against Bankruptcy
Overspending this Christmas will force 10, 000 people to declare themselves insolvent, and in many cases they would normally be expected to further their woes by declaring bankruptcy as an extreme debt solution. Declaring bankruptcy is a very traumatic experience as it can cause more than financial problems, in some cases you may lose your job which is exactly the last thing youâ d want in that situation! Fortunately a large number of the people who normally would have had to file for bankruptcy have an alternative that can limit the damage done in the form of Individual Voluntary Arrangements (IVAs). These are agreements made with your creditors that forgo bankruptcy and hold a number of advantages. ...
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