An alternative to filing for bankruptcy, Individual Voluntary Arrangements (IVA) is a way out for all individuals reeling under large mountains of debt. An IVA is a legal deal between an individual (the debtor) and his creditors supervised by a Licensed Insolvency Practitioner to reach a comprise position with regard to avoiding bankruptcy. Established and

Trying to keep up with bills and credit cards repayments and loan bills can be financially difficult and as a result, thousands of people have no choice but to legally declare themselves as bankrupt every year. Over 6 years ago, my own mother had to do this herself. The “bankrupt” moniker is lifted by most lending companies after a 7 year

In the US law there are a number of new bankruptcy laws being established to keep in check the rising need of bankruptcy cases. These different types offer several avenues in how the bankruptcy will work for them, settling the debts and who can file the type of bankruptcy. As the new laws are more