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IVA stands for Individual Voluntary Agreement. You pay what you can afford typically over a 5 year period to become totally debt free.
Once you have contacted Morrison Clarke and have the advice you need, you can then work with us towards solving all your debt problems. You will then have the opportunity to discuss your requirements with one of our experienced insolvancy advisors.
Your financial situation will be detailed in an IVA proposal which will be presented to the next stage of our inhouse team. They will analyse your finance requirements and discuss with your creditors the start of an IVA plan.
You decide how much you can afford and you will never need to speak to your creditors again.
Contacting Morrison Clarke to discuss the possibility or taking out an IVA today has many advantages over other debt management procedures:
- Avoid bankruptcy
- Keep your house
- Reduce debt by up to 75%
- Interest on payments is frozen
- Legal action as a result of the debt is stopped
- Information is private and is therefore not published
- Your debt is cleared in 5 years
- You decide what you can afford
If you are able to keep up with the monthly repayments over the 5 year period you will avoid the need to follow bankruptcy procedures.
Contact Morrison Clarke today to take advantage of what an IVA can offer you. |
