An image of a computer keyboard with scrabble letters I, V, and A

How IVAs are Reshaping Debt Management in the UK

At a time when financial challenges have become increasingly common, those facing overwhelming debt are looking for solutions to regain control of their financial health. One popular option is Individual Voluntary Arrangements (IVAs)*. This article will explore the rise of IVAs, the reasons behind their increase in popularity, and why they stand out as a…

Bailiff knocking on the door

Can Bailiffs Force Entry?

When you’re dealing with significant debt, things can quickly become overwhelming. Day-to-day tasks can become more stressful and life can be made especially daunting if you’re also being faced with the prospect of bailiffs knocking on your door. Employed by creditors to recover unpaid debts, the thought of these collection agents turning up at your…

Woman on the phone looking confused

What Is Debt Collection?

Debt collection is the process used by creditors to get money back that hasn’t been paid by individuals or businesses who owe it. It’s important for both the people trying to collect the debt and those who owe the money to understand each step of this process. This helps creditors recover their money and makes…

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Can an IVA Take My Inheritance?

Coming into an inheritance can be a significant financial event in your life. Often unexpected and sometimes more substantial than you may have thought, these windfalls can have the ability to alter your financial outlook and even change your life. However, if you’re in debt and are using a debt management solution, such as an…

Woman on her bed looking sad, stroking her dog and looking at documents

Can You Inherit Debt from Your Parents?

When a parent passes away, it can be a really difficult time, both emotionally and financially. Alongside the natural feelings of grief and sadness that comes with a death in the family, there is also usually a good deal of administration you need to take care of, including getting the financial affairs of the deceased…

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The IVA Process Explained

Dealing with significant debt is not only overwhelming, it can also have a negative impact on your life and health. If this is the case, a professional debt management solution is often your best course of action. While Debt Management Plans (DMPs) and Debt Relief Orders (DROs) may be the best option if you find…

What is Debt Relief?

Debt relief solutions can give hope to those struggling with crippling debt. Here, we explore what these solutions look like in practice. If you find yourself struggling with debt, it can be hard to see light at the end of the tunnel. That’s why it’s important to understand that no matter the type of debt. …

What are the pros and cons of an IVA?

If you find yourself struggling with debt, the prospect of a financial lifeline in the form of an Individual Voluntary Arrangement (IVA) may feel like light at the end of a very dark tunnel. However, an IVA is not a magic bullet. While they are designed to help those in crippling debt tackle their repayments…