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West Advisory Insolvency Shropshire

0333 4444 344      info@westadvisory.co.uk

Insolvency Practitioners Telford

 

Individual Voluntary Arrangement

 

An IVA avoids the stigma of bankruptcy

and is powerful tool in dealing with personal debt

Personal options

we provide individuals with balanced information about their options in order that they can reach an informed decision about their preferred option. If it is concluded that a formal insolvency procedure is not an appropriate solution for that individual they will be signposted appropriately.  Below is an brief summary of the main services we offer individuals, partnerships and sole traders facing financial problems.

 

Bankruptcy

 

In certain cases, Bankruptcy may be a

more appropriate measure, although individuals are advised to seek independent, professional advice before taking this route

For individuals we offer a full review of financial circumstances and advise on the options available.

 

Just like the corporate sector the individual’s emotional burden of financial difficulty is a problem many do not face until their situation becomes desperate. Faced with county court judgements, bailiffs, repossession of goods or ultimately, a bankruptcy petition, the future looks bleak. In essence, there are two formal insolvency options available:

 

  • Proposing an IVA to your creditors

 

  • Applying for Bankruptcy

 

During our initial review we may conclude that a formal insolvency procedure is not the appropriate solution and will signpost them appropriately.

0333 4444 344

 

free & confidential advice for individuals

Clearly, ignoring the debt is not a viable option. Indeed, negotiating reduced payments with creditors is only a short-term solution and does not offer support of the courts, nor does it prevent interest from accruing on the debt.

 

An Individual Voluntary Arrangement (“IVA”) avoids the stigma of bankruptcy and is powerful tool in dealing with personal debts.   In certain cases, Bankruptcy may be a more appropriate measure, although individuals are advised to seek independent, professional advice before taking this route.

 

We accept appointments in Individual Voluntary Arrangements and Bankruptcy.  In any event we will always encourage our individual client to take immediate positive action.

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West Advisory Insolvency Shropshire
Insolvency Practitioners Telford
West Advisory - Licensed Insolvency Practitioners ICAEW
West Advisory - Insolvency Practitioners R3 Member
West Advisory Insolvency Shropshire
Insolvency Practitioners Telford
West Advisory - Licensed Insolvency Practitioners ICAEW
West Advisory - Insolvency Practitioners R3 Member
West Advisory Insolvency Shropshire

0333 4444 344

Insolvency Practitioners Telford
West Advisory - Licensed Insolvency Practitioners ICAEW
West Advisory - Insolvency Practitioners R3 Member
Insolvency Shrewsbury & Telford