In the United Kingdom, details about the individual voluntary agreements and bankruptcies are a matter of public records.
Insolvency IVA is a great way to help you manage your debts and learn how to come out of your financial mountain
Unfortunately there are times when its possible we may need the services of a bankruptcy lawyer for accrued debts.
Most debts are taken in times of extreme need and there are many solutions that can be used to get out of debt.
What we Do
Individual & Corporates Accounting Services
Individual voluntary arrangement (IVA) is plan that was introduced by the insolvency act of 1986 to provide people with an alternative to being declared bankrupt.
An IVA can let you enter into a repayment agreement with your creditors which is a legally binding agreement and an alternative to declaring bankruptcy.
An IVA Calculator is something that is used to determine if someone is eligible for an Individual Voluntary agreement.
Resources & Calculators
Useful Resources for Financial Management & Forecasting
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In the United Kingdom, details about the individual voluntary agreements and bankruptcies are a matter of public records. An iva register is the reference name that is given to the public records of the iva and bankruptcies. The information is available online and can be accessed by anyone who has internet connection. Not all the details are included in the iva register but just headline information. Details such as the specific particulars, original debt level, creditor names and even monthly payments are not listed in the iva register. The details that you can find in the iva register are; full identity names of the individual in iva arrangements, when they were born and there last known address as listed when they took the agreement. Other details are the names and contacts of the insolvency practitioner who acted as the individual’s IVA nominee and the address of the one acting as the supervisor of the IVA.
Another name of the iva is Individual Insolvency Register. The website that contains the iva register is the official insolvency website of the UK government. By accessing this website, you can click on the bankruptcy/IVA search and you are in the iva register. Other records that you can find in the register are the list of current bankruptcies and the ones that ended within the last three months,One can find quite a lot of information about the best financial services to use from the internet.
The duration of the individual voluntary arrangements on the iva register is only until they are completed fully, terminated or revoked. When this happens, the details are scrapped off the register. In the UK, someone in debt over 15,000 pounds with more than three creditors and takes an individual voluntary agreement to enable them settle their debts can find their details on this particular register. It is advised that instead of letting the situation go out of hand and get declared bankrupt, signing an IVA with an IVA creditor might be the only choice you are left with. Within a period of five years, you will have cleared your debts and free.
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