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IVAIP stands for Individual Voluntary Arrangement Insolvency Practitioner.
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An IVA ia an Individual Voluntary Arrangement
An IVA is a legal contract between you and your creditors, it is a legally binding arrangement supervised by a Licensed Insolvency Practitioner, the purpose of which is to enable you to reach a compromise with your creditors and avoid the consequences of bankruptcy.
The IVA enables you to cut your debts to an affordable level and clear them over a fixed period. The compromise should offer a larger repayment towards your debt than could otherwise be expected were you to be made bankrupt. You can even take out a fresh mortgage while in an IVA. Whatâs more, it is a totally private arrangement â nobody needs to know about it apart from you, your advisors and your creditors. An IVA ensures that your home is protected and your job is not at risk.
Insolvency Practitioner
If you want to do an IVA, you cannot do this yourself. You have to use an Insolvency Practitioner (IP). The IP is like a Chartered Accountant They have a special license granted by the Government which gives them the legal authority to propose an IVA and negotiate it with you creditors. They have a legal duty to ensure that the IVA is the fairest deal possible for both you and your creditors.
Read more here...http://www.supersonicsquirrel.net/
Please appraise the value of this domain....thanks
An IVA ia an Individual Voluntary Arrangement
An IVA is a legal contract between you and your creditors, it is a legally binding arrangement supervised by a Licensed Insolvency Practitioner, the purpose of which is to enable you to reach a compromise with your creditors and avoid the consequences of bankruptcy.
The IVA enables you to cut your debts to an affordable level and clear them over a fixed period. The compromise should offer a larger repayment towards your debt than could otherwise be expected were you to be made bankrupt. You can even take out a fresh mortgage while in an IVA. Whatâs more, it is a totally private arrangement â nobody needs to know about it apart from you, your advisors and your creditors. An IVA ensures that your home is protected and your job is not at risk.
Insolvency Practitioner
If you want to do an IVA, you cannot do this yourself. You have to use an Insolvency Practitioner (IP). The IP is like a Chartered Accountant They have a special license granted by the Government which gives them the legal authority to propose an IVA and negotiate it with you creditors. They have a legal duty to ensure that the IVA is the fairest deal possible for both you and your creditors.
Read more here...http://www.supersonicsquirrel.net/
