|
Thank you Breeze Finance, I,m stll not sure how you did it but you
got my £42,000 of debts paid off for only £28,00 and with the low cost
loan you arranged for me your management of my debt has saved me over
£400 per month.
James Hazeldine
The figures for the second quarter 2005 show that the
total number of individual insolvencies has increased by 36.8 per cent
on the same period as last year and has risen to its highest level in 45
years. Bankruptcies have risen by 27.5 per cent and Individual Voluntary
Arrangements (IVAs), an alternative to bankruptcy, have risen by 69.6
per cent when compared to the figures for the same period last year. The
number of people who have become bankrupt or entered into an Individual
Voluntary Arrangement (IVA) in England and Wales in the last 12 months
is 54,227. Personal bankruptcies have broken the 40,000 barrier for a 12
month period for the first time.
To get expert advice call Breeze Finance Now
Freephone 0800 08301750
|
Voluntary Arrangements
An Individual Voluntary Arrangement is a legal process by which you can
gain protection from your unsecured creditors by entering into a legally
binding repayment agreement with them, which is then supervised by a
licensed insolvency practitioner.
The IVA process is suited to those debtors who have a relatively high
level of disposable income but who also have a high level of unsecured
debt.
The IVA arrangement is supervised by a licensed Insolvency Practitioner
who is responsible for all negotiations with your creditors and for
ensuring that you make all of the payments required under the terms of
the arrangement.
Under the terms of an IVA you are normally required to make regular
monthly repayments, usually over a 5 year period, after which any
balances remaining on your debts are written off.
If you are a homeowner, you may be required to release any equity you
have in your property by taking out a mortgage or secured loan and
paying this money to your creditors as a condition of the IVA this can
either happen at the start of the IVA or four years into the IVA.
Once an IVA has been agreed by your creditors, all interest and charges
on your unsecured debts will be frozen.
Your supervisor in the IVA is required to review your financial
situation every year and, as a result, you may be required to increase
your monthly contributions into the IVA.
Bankruptcy
Bankruptcy on the other hand can be the solution if you owe a lot of
money, have no assets, and can see no way of ever paying the debts off.
Bankruptcy has long term lasting affects on your credit rating and
indeed during your period of bankruptcy you would not be allowed to
borrow money at all. Bankruptcy should only ever be seen as a last
option. If you are faced with bankruptcy, even if you have already been
issued with a bankruptcy petition please contact us as we may just be
able to provide you with a far less drastic solution
Breeze Finance are a financial management solution provider who can
provide help with debt and finance in the following ways, UK Debt
management, UK consolidation, uk consolidation loans, uk home
improvement loans, uk any purpose loans UK Individual Voluntary
Arrangements otherwise known as IVA’s, Trust Deed, UK Bankruptcy,
Scottish Sequestration, UK Repossession, UK County Court Judgements CCJ,
uk early settlement figures and UK debt counselling. We can provide uk
financial help to anyone in financial difficulty or adverse credit in
the uk. Breeze Finance recommends clients check their UK credit rating
with Experian or Equifax Experian before applying for further UK
finance.
Our site provides you with a uk consolidation calculator, a UK loan
calculator a UK credit card calculator and a UK budgeting calculator all
free to use before you apply for help with your uk debts
We can also refer your details to a third party who may be able to
provide you with re-mortgage.
Common misspellings of Breeze Finance’s key areas of business
Debt Management and Debt Consolidation Misspellings: Dept, Detb, Debt
managment, Consoldation, Consiliation, Finannce, Bankrutcy, Bankrupcy,
Dbet Managment, Debt Managmnet, Dept Management Debt Consolidation- Debt
Consolodation, Debt Consilidation, Debt Consoladation
|
 |
