Tag Archives: insolvency

5 IVA survival tips

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This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

IVA tips

5 IVA survival tips

If you’re with StepChange Voluntary Arrangements an Individual Voluntary Arrangement (IVA) is the best solution to your financial difficulties.

Having your IVA approved is a massive achievement. Provided that you stick to the terms of the IVA proposal there is a set time frame for you to be debt-free.

Once you’ve paid as much as you can during this time your creditors will write off some of your debt.

In this article we’re giving our top tips on how to cope once your IVA is approved and up and running. If you follow these five tip top tips your IVA will be a much smoother ride.

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The #debthour debt clinic – Monday 12th August

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who's your favourite tasty tweeter?

Don’t be shy!

Last week saw us kick-off our first #debthour clinic where we answered your burning debt and money questions live, right here on the blog. If you missed it, fret not!

Every Monday during August* our friendly debt geeks will be on hand to answer your debt questions.

We aim to reply to every question straightaway. No debt question is too outlandish for us, so this is the perfect opportunity to clear up any worries you may have.
Recent questions we’ve answered include…

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The #debthour debt clinic – Monday 5th August

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who's your favourite tasty tweeter?

Got a burning debt question? Ask away!

Every day we deal with a range of debt problems and money worries.

As we’re committed to helping you as soon as possible, we thought we’d try to answer those questions as soon as they come in.

To help, we’ll be live on here between 12 midday and 1pm on Monday, to answer your debt questions.

And every Monday during August* our friendly debt geeks will be on hand to answer your debt questions. We will aim to reply to every question straightaway. No debt question is too outlandish for us, so this is the perfect opportunity to clear up any worries you may have.

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Is it brighter news for the number of insolvencies?

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Sun and dark clouds

OK, so is the storm coming or going?

The insolvency figures for July to September 2011 were released on Friday and the number of personal insolvencies fell during the summer.

Compared to the same time last year, the number of people who became insolvent fell by 11%, to 30,219. In real terms over 3,500 fewer people became insolvent in July to September 2011 compared to July to September 2010.

But if you’re in debt and think that a formal solution is your way out, what’s the next step?

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Lump sum IVAs

posted by in Living with debt 20 Comments

This page contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. Before considering an IVA as a debt solution, please make sure you fully understand the risks involved when entering an IVA.

Lump of sugar representing lump-sum IVAWe’ve probably all heard of IVAs (individual voluntary arrangements). You can’t go on the internet or turn on the telly without seeing or hearing about how you can get a large percentage of your debt written off.

Many of us know that IVAs last between five and six years and if you’ve got a property there is a possibility that you’ll have to re-mortgage. But what about the lesser-spotted IVA – the lump sum IVA?

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