Our IVA team consists of :
IVA represents a process of analysing the debt situation, making computations, devising repayment proposal, getting the consent of the creditors and final implementation and supervision of the repayment proposal.
The process involves financial and legal professionals who are skilled in understanding your debt portfolio, drafting financial plans and negotiating with creditors. They can quickly assess your repayment ability and devise manageable repayment plan suitable to your individual case. However, debtors should be warned that getting enough creditors to agree to the IVA proposal is a very difficult process. Quite often, many debtors have to go bankrupt instead of getting into an IVA.
In any event, IVA represents an alternative to help debtors or their families to meet their financial obligations without having to resort to bankruptcy. An IVA proposal aims at reduction of the debts, cutting down the interest rates, avoid bankruptcy, avoid bad credit ratings, stop creditors from calling or free up extra cash. This would preserve the financial credit of the debtor and possibly avoid losing employment or professional practice. Our IVA services will analyse and make proposal on:
On providing us with all your asset, liability information together with the breakdown of your personal expenses, our professional team can produce a repayment proposal for you within 7 days. In our normal experience, a repayment plan can be finalised within a week and forwarded to the creditors' consideration and response.
For a more detailed understanding on the IVA process, visit 5 Steps to IVA
