An IVA can give you more control of your assets than bankruptcy. Use an insolvency practitioner to get an IVA. Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You'll have to give details about your financial situation, eg your assets, debts, income and creditors.
Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts agree to it. It will apply to all your creditors, including any who disagreed to it. An IVA will stop your creditors taking action against you for your debts. Our dedicated Pre Appointment Team will assess your individual financial circumstances and will prepare your paperwork for the acceptance of creditors.
Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts agree to it. It will apply to all your creditors, including any who disagreed to it. An IVA will stop your creditors taking action against you for your debts. Our dedicated Pre Appointment Team will assess your individual financial circumstances and will prepare your paperwork for the acceptance of creditors.
Services
About
Report
Hanover was formed in 2010 to assist people who are in financial difficulty and is one of the largest and fastest growing Insolvency Practices in the UK. Hanover are accredited with the ISO9001 Quality Management System (QMS) certification, which enables us to continuously meet the needs of our customers.
What Is An IVA
Report
Money Helper has information on organisations that can give you free advice about whether an IVA is right for you. Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You'll have to give details about your financial situation, eg your assets, debts, income and creditors.
Trust Deeds
Report
A Protected Trust Deed is ideal for someone who lives in Scotland and has unsecured debts that are mounting and becoming unmanageable. It allows you to consolidate all your monthly payments into one affordable monthly repayment. Over the duration of the Deed, which is normally four to five years, you will pay what you can reasonably afford based on your income and any assets you may have.
Debt Solutions
Report
Under DAS, a debtor commits to a debt payment programme (DPP) which allows them to repay their debts based on their disposable income. A debtor must seek advice and assistance from a money advisor before applying for a DPP under DAS. A DPP can last for any reasonable. A Debt Management Plan is an agreement between you and your creditors to pay all of your debts.
Bankruptcy
Report
As well as applying for bankruptcy yourself, someone else you owe money to (a creditor) can apply to make you bankrupt, even if you don't want them to. For a creditor to make you bankrupt, you must owe at least 5,000. Remember, bankruptcy might not be your only option and it might not be the best one for you.
Reviews
Be the first to review Hanover Insolvency.
Write a Review
