Best Way to move out of debt crisis

Released on: July 11, 2008, 11:53 pm

Press Release Author: Harley Cailyn

Industry: Financial

Press Release Summary: This website will help you find a suitable solution to all
your debt problems.

Press Release Body: Until very recently when people were overwhelmed by debt,
bankruptcy was the only solution. However, the introduction of the href=\"http://www.ivainformation.net/\">individual voluntary arrangement (IVA) by
the government has created a new alternative to bankruptcy which is beneficial for
both the debtor and the creditor

An IVA is a formal, legally binding agreement between a debtor and his creditor. It
is designed to free you from the burden of debt in five years or less. An IVA does
not publicize your insolvency like bankruptcy. It was introduced with the intention
to ease the debt burden of borrowers. It is also serves as an alternative to
bankruptcy.If you are troubled with debts, you can visit
http://www.ivainformation.net. This portal will help you find a suitable solution to
all your debt problems.

An Individual Voluntary Arrangement is generally seen as a more favorable option
than bankruptcy from both the debtor's and creditor's perspective.This is because
there are no fees or legal proceeding involved with an IVA, unlike with bankruptcy.
Furthermore, from the creditor's point of view, an Individual Voluntary Arrangement
offers a greater repayment of the debt than would otherwise be achieved if the
debtor were made bankrupt.

http://www.ivainformation.net/ has set
up an impartial IVA advice service for anyone interested in setting up an IVA or
finding out more about how IVAs work. To find out more about this service please
visit: http://www.ivainformation.net


Web Site: http://www.ivainformation.net

Contact Details: 3 Browns Crescent
Chickerell
Weymouth
e3 4je
07881897714
UK

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