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IVA's Settlement
Bridging loans to help with IVA setlements. IVA’S (individual voluntary arrangement) An IVA is conducted and supervised by a professional insolvency firm, who will agree a fixed sum over a number of year’s payable monthly to discharge your liabilities or a percentage of your liabilities directly with your creditors, This process if conducted properly is an alternative to Bankruptcy, however in many cases the supervisor of the arrangement will place a restriction over your home so that at a later date he may approach you to either sell or re-mortgage your home, to provide additional monies for your IVA .
In some case’s the supervisor of your IVA may accept a reduced offer in full and final settlement of the arrangement, so saving any future fees and the monthly payment. Positive Funding have settled many IVA’s early and saved clients many thousands of pound, and would undertake the negotiations on your behalf.
