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Bankruptcy and IVA
Hai,
I am Sakitha.
Which is the best option for you: Bankruptcy or an IVA (Individual Voluntary Arrangement)?
Debt advice is Britain's new growth industry. Thousands of people are employed to pick up the pieces from the credit-card fuelled consumer spending boom. Many are earnest, often volunteer workers with debtors' best interests at heart. But others are little more than hard-sell operations pushing high-charge 'debt consolidation' plans which leave their victims even worse off.
Such is the growth of the debt advice business that a market of competing advisers now exists. If, like many of the callers to The UK Insolvency Helpline you fit the typical debtor profile - 10 to 12 credit cards and debts of above
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