Individual Voluntary Arrangement vs bankruptcy

Richard_S

fermi wrote: »

May be easier on the eyes, but I can't see much similarity between the two.

Martin's goes out of the way to emphasise that an IVA is only a good option for tiny subset of people and that for most other solutions would be better. Plus it recommends taking advice from an independent source such as CCCS, NDL or CAB.

The one you linked to does no such thing, and in the last section actively seeks to promote IVAs over other solutions. Hence the paragraphs entitled "Why Avoid Other Debt Solutions?".

Hi fermi,

I didn't really make the point I intended.

It all seems a little too clinical, and just like any other information you can get off the internet. The explanation was accurate enough, but there's not much to explain about an IVA.

A couple of case studies, or quotes from people who had actually benefitted from an IVA, or fallen foul of the hard sell would have made it a more useful guide.

Richard