September 2012

Could I have an IVA if I am retired?

You could have an IVA if you're retired, as long as you have a reasonable regular income and significant unsecured debts that you can't repay.

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Bringing up kids is hard enough - don't let it push you into debt too

The cost of raising a child to 18 is estimated to be as much as £143,000 - and in the current economic crisis, many parents could be taking on debt they can't afford.

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Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA, alternative solutions may be offered. If your IVA fails, it could lead to Bankruptcy. Your ability to obtain credit will be affected for at least 6 years. Homeowners may be required to release the equity in their property.