Mike gives the answers to the most popular question regarding Individual Voluntary Arrangements (IVAs).
He explains how the creditors/lenders vote, who pays the fees and what happens to interest on the debts, plus lots more!


Individual Voluntary Arrangements, IVAs

How to use the DebtWizard forum, becoming a member and the topics we can help with.

Forum

DebtWizard explains how a debt management company works, details the pros and cons of debt charities v commercial firms (fee charging firms) and what to do if you want to do your own debt plan and contact creditors yourself (the five key points).

Debt management

DebtWizard explains how the unique budget wizard has a built in debt predictor which details your future debt over the next one month, 12 months and 5 years.  

Also covers how to submit the budget wizard if you need professional help with the situation and how the form can be printed and taken to any debt charity such as the CAB for example. 

It’s free, safe and secure through the on-line encryption.  

Budget wizard

DebtWizard explains the procedure for consumers to go bankrupt, what happens at court, an example of how a bankrupt can still keep their home.

Also why you no longer have to pay the lenders that feature in the bankruptcy, how the calculation is made to determine if you can pay the Official Receiver for a period of three years and whether your name and address is to be advertised in the local newspaper.

In the final section Mike details the types of debt that can be included in a bankruptcy, the cost to go bankrupt as at June 1st 2011 and how society is changing over the stigma of consumer bankruptcy.
