The main advantages of Individual Voluntary Arrangement (IVA) in settling the claims of creditors are as follows:- Stigma An IVA is a private pact between a debtor and a creditor. From 6th April, 2006, onwards, Bankruptcy is no longer considered to be an apt matter to be advertised in the newspapers. Such advertisements are printed [...]

A Debt Management Plan can be described as the method which is used in a lot of countries in order to pay off the unsecured personal debts of an individual. Very typically, these debts are generally not in control – the payments that are supposed to be made are sometimes late or also covers a [...]