Is an individual voluntary arrangement right for you?
This section will help you work out whether an individual voluntary arrangement (IVA) is the right debt solution for you. It covers the risks of getting an IVA and the impact it might have on your lifestyle.
Use this checklist to help you decide if an individual voluntary arrangement is the best way to deal with your debt problems.
Explains how having an individual voluntary arrangement could affect your job, assets or possessions.
Explains how having an individual voluntary arrangement could affect your home.
Explains how having an individual voluntary arrangement could affect your ability to apply for credit.
Explains how having an individual voluntary arrangement could affect your bank accounts and your personal or state pensions.
Explains how your role of lasting power of attorney (responsibility for someone’s financial affairs) would be affected by having an individual voluntary arrangement.