Monemyst UK

Finance

How to Get an IVA: A Debt Solution That Can Help You Pay Back Your Debt

If you are struggling to pay back your debt, you may be considering getting an Individual Voluntary Arrangement (IVA). IVAs were created in 1987 as another option besides bankruptcy. If you choose to get an IVA, it will last 3–5 years and you’ll pay back some of your debt through a legally binding agreement with your creditors and write off…