IVAs & Bankruptcy

Choose from the following topics:
What is an Individual Voluntary Arrangement (IVA)?
How and why would a creditor accept a lower amount?
What do I have to pay for this advice?
The Advantages of an Individual Voluntary Arrangement
The Disadvantages of an Individual Voluntary Arrangement
The Advantages of Bankruptcy <
The Disadvantages of Bankruptcy
The IVA Process

The Advantages of Bankruptcy
• Bankruptcy offers the opportunity to make a fresh start, with a clean slate. It is appropriate in circumstances where the debts you owe are overwhelming and there is little prospect that you will ever be able to clear them or make an offer to settle them.
• In some cases the period of bankruptcy could be less than12 months.