Sep 03
IVA is becoming more popular as the days go by and this is mainly attributed to the advantages it offers to those with debt problems. Some of the advantages include the privacy it offers where the agreement is strictly between the debtor and the creditors even though a copy will be placed at the relevant authorities. The other advantage is the affordability and flexibility of IVA as compared to bankruptcy as the debtor can repay their debts at affordable rates. It is also a great option since there is a cessation of all charges and interests, and the debtor can remain as a director or carry on as a sole trader.