Copyright 2006 The Debt Free Student
Simple IVA
Recommended IVA specialists
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LATEST INFORMATION - OCTOBER 2006
The government, via the Insolvency Service, intend to introduce the Simple IVA either this autumn or early 2007.
Under the Simple IVA, the amount of debt required may be as low as £7,500 whilst the 75% of creditors requirement will be removed.
Even before this legislation is introduced, some companies (see list of specialists opposite) are now offering the equivalent of a Simple IVA where appropriate.
Indeed, some of these companies can now help you if you owe as little as £5000.
This is great news for anyone seeking a debt solution.
NB If an IVA still doesn't seem attractive to you, you should consider a consolidation loan.
The government, via the Insolvency Service, intend to introduce the Simple IVA either this autumn or early 2007.
Under the Simple IVA, the amount of debt required may be as low as £7,500 whilst the 75% of creditors requirement will be removed.
Even before this legislation is introduced, some companies (see list of specialists opposite) are now offering the equivalent of a Simple IVA where appropriate.
Indeed, some of these companies can now help you if you owe as little as £5000.
This is great news for anyone seeking a debt solution.
NB If an IVA still doesn't seem attractive to you, you should consider a consolidation loan.
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