An IVA is an agreement worked out between a borrower and a creditor, wherein the borrower agrees to pay them back as much as you can within a period of not more than 5 years (60 months). There are various advantages of an Individual Voluntary Arrangement. To start with, the creditor agrees to wipe off up to 95% of the debt. Since they cannot contact the borrower by letter or telephone, they cannot take any further action against Read Full Article