Does the IVA opportunity seem too good to be true?

If you are reading this website then you have probably found yourself in a position where your debts are more than you can afford to repay. Thousands of people across the UK share the same money problems, often through no fault of their own. The important thing is that you want to act honourably and get yourself back on your financial feet again, leaving your money problems behind. At National Money we are dedicated to helping you do just that.

The Government introduced IVAs back in 1986 to provide people in financial difficulty with a lifeline. Previously, those who were unable to cope with their debts faced a stark choice. They either muddled on, facing continued anxiety, or they went through the formal legal procedure of declaring themselves bankrupt. The Government wanted to create a middle ground that was formally recognised in law but without the stigma of bankruptcy.