Bigger2011
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What is the bankruptcy process?
- Bigger2011 asked 1 year ago in Other
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How much does bankruptcy cost?
- Bigger2011 asked 1 year ago in Other
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What are the alternatives to bankruptcy?
- Bigger2011 asked 1 year ago in Other
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Expert Financial Adviser Answer
Darren Smith
answered 1 year ago
you can consider an IVA, individual voluntary arrangement. but this requires certain conditions to be met, such as at least £15000 owed to at least 3 lenders and at least 75% of lenders must agree to the IVA.
this is a case that should be looked into in more detail before you rush in as some people are able to remedy their situation without taking such drastic measures as IVA or bankruptcy.
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this is a case that should be looked into in more detail before you rush in as some people are able to remedy their situation without taking such drastic measures as IVA or bankruptcy.
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