Dodds` Company Blog

After looking at your financial situation and seeing your current predicament, you are ready to take action to resolve it! So what can you do and what do you need in order to initiate an individual voluntary arrangement?

Well, the following are basic guidelines to commence an IVA:

• A minimum of 1,500 pounds unsecured debt in your individual name
• An ability to repay a minimum of 150 pounds per month of the debt
• You need to be employed
• After payment of all living and household expenses there must be insuffcient money to repay the full monthly payments of the current debt

If this is the case, then this might be a debt relief method to consider!