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Frequently Asked Questions |
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Do you charge anything for IVA advice?
Absolutely not! This service is for free and no obligation at all.
I am a professionally qualified person. Will IVA affect my employment?
IVA is a private agreement and offers no threat to your professional life and your ability to hold office.
I am a homeowner, what will happen to my house if I undertake and IVA?
After you have entered an IVA, nothing can affect your home or to other assets as long as you are meeting your monthly payments.
If the creditors reject my IVA, am I required to pay you anything?
If your IVA is rejected, you are not required to pay anything. You are not required to pay anything unless the IVA is accepted.
What happens when the IVA is completed?
After the completion on IVA, you are officially debt free.
How much time does it take for an IVA to get completed?
An IVA is usually completed in a time period of 5 years. But depending on your financial condition you can wrap up an IVA in 3 years also.
Are there any chances of my IVA becoming public?
IVA is a private and confidential agreement and the only parties that will know about an IVA are the debtor and the creditors. However, this information is circulated among credit referring agencies. After the time period of IVA is over, you are considered debt free.
How much will I have to pay on a monthly basis?
This monthly income is decided on the basis of your disposable income. This is the minimum payment you can make without disturbing your other expenses. Once you contact us for IVA advice, we will work out an arrangement that suits you best. |
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