Criteria Requirements of an IVA
In order to qualify for an Individual Voluntary Arrangement (IVA) you must be a resident of the UK, excluding Scotland, however, it is also possible for residents of England, Wales and Northern Ireland who are either working or living abroad to apply. Most IVAs are made up of debts owed to credit card companies, store cards and personal loans which the debtor is unable to repay. The idea of an IVAs is not to avoid having to repay outstanding debts which have accumulated, but rather consolidate them and have their repayment managed for you by a reputable …
