 |
Interest and charges on your debts are frozen
|
| |
|
 |
Creditors contact the Supervisor of the IVA and stop
harassing you |
| |
|
 |
You are protected by court order
from creditors |
| |
|
 |
Once you have completed your IVA your debts
are completely written off |
| |
|
 |
You potentially avoid bankruptcy
|
| |
|
 |
Your credit rating is not
as seriously affected as in bankruptcy and is looked upon
far more favourably that an informal debt management programme
|
| |
|
 |
No publicity in the local
papers |