IVA or Bankruptcy – What will You Choose?
May 6th, 2010
If you are going through severe debt problems then you have only two choices, one is declaring bankruptcy and other is going for an IVA. In first case a legal action is taken against you and your assets are sold by court order to fulfill the total amount of your debt and fess of legal proceedings. But in second case of IVA, a private agreement will be finalized between you and your creditor to prepare a repayment program of five years. So now it is up to you that which way you will opt to get out of your rising debt complications.
Entry Filed under: Finance