Knowing what You Are Getting with an Individual Voluntary Arrangement

An individual voluntary arrangement is an alternative to bankruptcy that will often protect your assets that a bankruptcy would expose. The basic idea of one of these arrangements is that you and the creditor work out what you can afford to pay on a regular basis and go from there. They are often accepted over bankruptcy because they will make a creditor more money than a bankruptcy will.Getting an Iva is a double edged sword. Sure you will have a program that you can follow that will get you out of debt without touching any of your assets. At the same time you are going to be paying more

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