Ten Myths About IVAs

  1. I can't have a bank account

    This article seeks to reassure those considering an IVA that they can choose a perfectly acceptable bank account to have income paid into, and...

  2. I can't propose an IVA as I run my own company

    This article attempts to reassure the self-employed and Directors of limited companies, that there is no reason why they cannot propose an...

  3. I will have to account for every penny I spend

    This article aims to reassure those considering an IVA that their spending will not be...

  4. I will have to sell my car(s)

    This article seeks to explain the principles surrounding the way cars as assets are treated in the IVA process...

  5. I will lose my house

    This article seeks to reassure homeowners that an IVA need not result in the loss of their home...

  6. I will never be able to get a mortgage

    This article seeks to reassure those considering an IVA, that future borrowing - including mortgages are certainly possible for those who have undertaken IVA...

  7. I won't be allowed to save any money

    This article explains the circumstances in which those in an IVA could legitimately save money or when this would create a problem...

  8. I won't have enough money to live properly

    This article aims to reassure those considering an IVA will be able to meet normal, everyday expenses whilst repaying their debts through the IVA...

  9. My employers are bound to find out

    This article aims to assure those that are considering an IVA that there is no need for employers to discover about the IVA...

  10. My partner will suffer because of my IVA

    The "I" in IVA stands for individual. However, for couples who live together and whose finances are necessarily interlocked...