IVA Spending Restrictions: What You Need to Know
If you are struggling with debt, an Individual Voluntary Arrangement (IVA) may be a debt solution worth considering. An IVA is a legally binding agreement between you and your creditors, which is managed by an Insolvency Practitioner (IP). It allows you to make affordable monthly payments towards your debts over a set period of time, […]
What is undischarged bankrupt?
Bankruptcy can be a lifeline to many people struggling with unmanageable debt. It gives debtors a chance to wipe the slate clean and an opportunity to start again. But that’s not to say it’s without risks. The bankruptcy process can be complex, and many people are unaware of what it involves or the implications of […]
What is a Certificate of Satisfaction: Definition and Uses
A Certificate of Satisfaction is a legal document that confirms a debt has been paid in full. It is often used in the context of a mortgage or loan agreement. If you have recently paid off a debt, you may be wondering if you need a Certificate of Satisfaction and how to obtain one. In […]
The Register of Judgments Orders and Fines
The official statutory Register of Judgments, Orders and Fines is a public register containing details of individuals with a county court judgment (CCJ) or a high court judgment (HCJ) issued against them. The Registry Trust manages the register on behalf of the Ministry of Justice, and they also maintain similar registers for Northern Ireland and […]
Signs of Financial Abuse
Everyone has the right to make financial decisions on their own, but this isn’t always the case in some relationships. It’s not uncommon for family members, partners or carers to advise you on how to spend money, but when this advice turns into control, financial abuse occurs. Identifying the line between well-intentioned advice and manipulative […]
Can I get car finance with an IVA?
If you’ve entered into an IVA (Individual Voluntary Arrangement), you may be wondering if it will affect any applications you make for car finance. While an IVA can be an important lifeline for many, it does make accessing other lines of credit challenging, even after you’ve paid it off. However, that isn’t to say […]
