Jul 31
IVA is a good debt repayment policy when debtor is passing through certain debt difficulties. If he desires to keep his home and to avert bankruptcy, if he is ready to pay back his debts through a 5 to 6 years repayment procedure, if he wants to safeguard his credit record from the negative tag of bankruptcy, and if he wants to keep his debt problems in clandestine from his social relations then IVA is the best way out to solve of all unsettled debt problems through a legal voluntary arrangement which not only restricts the risk of bankruptcy but also make both parties legally restrained to the terms and conditions of this flexible debt repayment arrangement.
Tags: 6 years, debt problems, debt repayment, debtor, debts, repayment policy, voluntary arrangement