IVA Individual Voluntary Arrangement
England - Debt Settlement - Debt Solutions - IVA, 13 years ago, 564 hits
An IVA is a legal process introduced as part of the 1986 Insolvency Act. As per the law, debtors can make a formal proposal to their creditors in order to clear their debt. An IVA could reduce up to 65% your debts and freeze interest on your loan.
Debt Management Plan
England - Debt Settlement - Debt Solutions, 13 years ago, 535 hits
Debt Management Plan is an informal arrangement between debitor and creditors that allow debitor to pay reduced monthly payments on their outstanding, unsecured debts.