"Individual Voluntary Arrangement"
- Brief Description:
- An Individual Voluntary Arrangement (IVA) is a legal agreement between you and your creditors, it is a court ratified agreement, supervised by a Licensed Insolvency Practitioner (IP), to enable you to reach a compromise with your creditors and avoid the consequences of bankruptcy.
- However if you have a house or other assets of value, then these may be at risk!
- More Detail Here