Silver Blog of the Month – ‘The Other Side’, by Skippy Andy says: 'Skippy's long running blog has helped many and it's great to read that she has now been discharged'
So i am about 3 days away from completing my post grad diploma (as long as do eventually complete this essay!…the allure of facebook is always far to appealing! tracking down and spying on people is a strange and addictive past time…) anyway i am getting of the point. Once my course is finsihed what am i [...]
after alot of waiting! my review went well … as i had already increased my paymetns in line with salary increases throughout the year my IP was happy with my payments and there were no surprises…. thank god! (or which ever you chosen belief is!)
So the second year begins, a part of me believes i [...]
so i am waiting.. waiting to see if my IP has accepted my I&E form and for the report to creditors which is due for March. Its a lot of waiting in an IVA, waiting for your proposal, waiting for your creditors meeting, waiting for you annual review, waiitng to see if its all ok, [...]
An IVA is an arrangement to settle debts within a fixed period of time normally 5 years. All
interest is frozen and after the end of the arrangement,
outstanding debt is written off. The arrangement is governed by
the Insolvency Act of 1986.
>What is an IVA click here to learn more
Further IVA points
A common misunderstanding is that people think undertaking an
IVA is like going Bankrupt. This is not the case. The IVA is
specifically designed to avoid the many issues and stigmas
surrounding Bankruptcy. For example, you will be able to borrow
in the future and take a mortgage. You will not be Blacklisted
for ever!
>Guide Pros and Cons IVA click here to learn more
Budgeting at christmas 
