Posts tagged "IVA"

Mortgage Issues in an IVA

Mortgage Issues That Come Up in an IVA

When any individual enters into an Individual Voluntary Arrangement (IVA), they are making a formal agreement with their unsecured creditors to repay a chunk of their debts over a finite duration.

Lenders and IVA offers

The Disposition of Lenders With Regards to Proposals for IVAs

Most people would assume that when it boils down to it, lenders would adopt the practical attitude to each and every IVA proposal, voting in favour of it when it affords the best possibility for the maximum gain on the loaned monies and voting against it if another course of action offered or promised a higher

Set up my IVA

Assuming that you know that you are currently insolvent you really need to find a solution. Here is how to go about it.

Do an IVA with no assets

Even though you you possess zero property or assets, it doesn’t preclude you from suggesting an Individual Voluntary Arrangement to your creditors. Anyone can present proposals for an IVA to their lenders provided they are insolvent.

IVA and a Mortgage

It’s a big anxiety for those who are thinking of entering into an IVA as to how that process might have an impact on their mortgage. Are they going to lose their house?

Insolvency Solutions

Insolvency Solutions for Debtors with Only Benefits Income

A debtor must be insolvent before he or she can offer an Individual Voluntary Arrangement (IVA) to creditors. Furthermore the debtor must be able to make contributions to the IVA in part repayment of debts to creditors and be able to pay the administrative costs of the arrangement. Such contributions may consist of a lump sum, as for example the proceeds from the sale of a property or equity released via a re-mortgage or

Stages of an IVA

The Five Phases of an IVA

Shakespeare wrote about the Seven Ages of Man describing the various succeeding phases of the life of a person of normal lifespan from their birth to their passing. It occurred to me that an Individual Voluntary Arrangement (IVA) takes on a life of its own too, albeit its normal lifespan is but half a decade rather than four score years and ten or whatever a human being’s life expectancy is nowadays. And it’s a good way to look at an IVA. Its

IVA | Fourth Year Valuation

Fourth Year Valuation & Beneficial Interest Explained Simply

It has long been standard practice for creditors to require of a debtor who owns property and who enters into an Individual Voluntary Arrangements (IVA) with them that he or she should take steps to release some part or even all of the equity in that property and to contribute all or some of the proceeds into the IVA.

Things to avoid in an IVA

Pitfalls to Avoid in an IVA (Individual Voluntary Arrangement)

For anybody who finds themselves to be insolvent and who then offers proposals to their creditors for an Individual Voluntary Arrangement (IVA), it’s an occasion of great satisfaction and sometimes unbridled joy on the day of the Meeting of Creditors (MOC), when they learn that their IVA has been accepted by their creditors.

Approving or Rejecting an IVA

Approving or Rejecting an IVA Can Be a Strange Process

The insolvent debtor who offers a proposal for an Individual Voluntary Arrangement (IVA) to his or her (unsecured) creditors is really in the lap of the gods.