Advantages of an IVA
 

There are a variety of advantages of taking an IVA payment route such as:

• You are aware of what the payments are throughout the whole process.
• The payments are tailored to your financial circumstances.
• All valuable assets are considered, like in bankruptcy, but you are more likely to be able to retain certain assets, such as the family home.
• You are able to remain in your present place of work or continue trading in your business.
• Not reported in legal notices.
• Your creditors are legally bound by the same agreement.
• Doesn’t look as bad, as bankruptcy, does on a credit file.

Another alternative is a quick property sale, which enables you to sell your property for cash, and repay your creditors.

Also see:

What is an IVA?
Bankruptcy
Quick property sale

Contact us or apply online and see how Quick Purchase can help.