Posted By: Bretts Business Recovery Ltd on 6th December 2022
It’s tempting to not think past the end of December and the Christmas break, but a little pre-planning now could save you heartache and insolvency later. Inflation, interest rate rises and the cost of living will continue to impact cashflows so...
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Posted By: bretts_admin_access_account on 23rd November 2021
HMRC paused many of its debt collection activities during the COVID-19 pandemic and has been delivering support packages like the Coronavirus Job Retention Scheme and Self Employment Income Support Scheme. Now that these support measures have come...
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Posted By: Bretts Business Recovery Ltd on 30th September 2020
A legally binding agreement between a company (“CVA”), partnership (“PVA”) or an individual (“IVA”) and their unsecured creditors to repay all or part of their debt over a fixed period of time. Negotiating more time to pay your debts...
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Posted By: Bretts Business Recovery Ltd on 10th September 2020
An alternative to Bankruptcy, an Individual Voluntary Arrangement (IVA) is a formal and legally binding agreement between you (as a debtor) and your unsecured creditors (people you owe money to) in which you agree to pay back all or part of your...
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Posted By: bretts_admin_access_account on 20th January 2017
Circumstances change and can unfortunately lead to financial difficulties. In some cases, particularly for sole traders when it looks like there is no way out, an Individual Voluntary Arrangement (IVA) may be a suitable alternative to...
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Posted By: bretts_admin_access_account on 23rd September 2016
Voluntary Arrangements A Voluntary Arrangement is a legally binding agreement between a company (CVA), partnership (PVA) or an individual (IVA) and their unsecured creditors to repay all or part of their debt over a fixed period of...
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Posted By: bretts_admin_access_account on 14th March 2016
Whether consumers are more confident in our economic future or just fed-up with austerity, one thing is for sure average personal debt is climbing again. The proportion of household debt is at its highest for five years, according to an analysis...
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Posted By: bretts_admin_access_account on 10th May 2013
An alternative to Bankruptcy is an Individual Voluntary Arrangement (IVA) which is a legally binding agreement between a debtor and his/her creditors whereby the debtor repays all or part of their debt over a fixed period of time. A debtor may make...
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