An IVA is a way of managing your debts through a legally binding repayment agreement. Because the IVA is supported by legislation, a qualified Insolvency Professional is needed to run the negotiations, especially if there are any court proceedings to deal with, and make sure you and your creditors interests are fully represented to one another. Part of your agreement will be to pay your creditors only what you can afford once all of your living expenses are covered and the rest will be written off at the end of the IVA term. Click here to know more about #https://www.iva-advice.co/.
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