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Bankruptcy-Insolvency.co.uk

IVA advice from www.bankruptcy-insolvency.co.uk

IVA advice is available from the www.bankruptcy-insolvency.co.uk, a debt advice service. The service offers a freephone 24 hour, telephone advice service for people with debt problems and also operates teams of IVA outreach workers available throughout UK.

The IVA advice service is well established on the strength of its name and national coverage in the UK. The service receives over 500,000 enquiries from the general public each year and also takes referrals from public and private sector organisations.

The service provides self-help advice to its callers and also produces written self-help packs and fact sheets to back this up. The service can also assist callers with the setting up of Individual Voluntary Arrangements (IVA) Debt Management Plans, Bankruptcy, Debt Relief Orders and Budgeting Plans.

The public may make contact via the 24 hour manned telephone helpline or via the internet. The www.bankruptcy-insolvency website is state of the art which provides an online assessment of peoples financial position with associated recommendations. One of the merits of internet-based advice compared with advice delivered through more traditional channels is that people tend to access it earlier in the cycle of debt problems.

As the recession continues to bite,with unemployment set to rise for sometime to come and incomes under pressure the debt advice service is expected to be more in demand. People tend to want to avoid bankruptcy due to it long term effects.

As an alternative many people are opting to take less intrusive debt solutions such an IVA. An IVA is a formal agreement where up to 60% of the personal debts can be written off by the debtor opting to pay an affordable amount of over 3-5 years. An IVA offers legal protection from further interest payments and charges being added to the debts. In short, the creditors agree that they will accept what the client can afford rather than getting nothing in bankruptcy.

The banks and lending institutions are putting more and more pressure on the public therefore anyone in debt is urged to seek advice early before debts are passed on to debt collection agencies or pursued through the courts or bailiffs.

Contact details
www.bankruptcy-insolvency.co.uk
National Administration Centre
Gable House
239 Regents Park Road
London
N3 3LF

FREEPHONE - 0800 074 6918


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