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Invoice

From:

AI Global Media Ltd.
Ground Floor, Suites B-D,
The Maltsters, 1-2 Wetmore Road,
Burton on Trent,
Staffordshire,
DE14 1LS

[email protected]

VAT number - 100361775

Invoice Number AIGP-0001
Order Number 818
Invoice Date 5 November 2021
Due Date 12 November 2021
Total Due £56.00
Billing address
SERP MOVER
Hemant Kumar
Sri Ram Nagar street
Hyderabad 500005
Telangana, India
Hrs/Qty Service Rate/Price Sub Total
1AI Guest Post
  • Brand: Wealth and Finance News (£100.00) £100.00
  • Select Publication Date: 2021-11-09
  • Number of images/videos: 1 (£0.00)
  • Media 1: Image or video?: Image (£0.00)
  • Total number of words: 500-750 (£0.00)
  • Article title: A Guide on Using the IVA Procedure to Get Rid of Debt in 2021
  • Article text: IVA or Individual Voluntary Agreement is a legally binding agreement between yourself and the creditors that you owe money to. It is the bankruptcy alternative and will allow an individual to be debt-free in 5 years.
    You will agree on an amount you can afford each month over five years. At the end of the five years, they will clear your unsecured loan.
    Being in debt can be stressful, and understanding the best debt solution is equally strenuous. Therefore, you must have a guide to explain your best options.

    Understanding IVA

    IVA might be what you need to consolidate all your debts into one payment that you can afford monthly over five years. The IVA procedure will allow you 60 months to organize how to pay your debtors.
    Over these 60 months, you can pay a lump sum to settle your debt early as there is no set time in the 1986 Insolvency Act. It can last less than five years. Here is a guide to using the IVA to get rid of debt.

    Comparing IVA Companies

    Not all companies that claim to represent IVA are genuine. So it would help if you took the time to compare the companies before settling on one.

    As you make the comparison, remember that IVAs are not for everybody. A good IVA company should tell if it's good for you.


    Step 2; Make the Proposal

    After speaking to a good debt consultant company, they will tell you if IVA is for you. If so, they will collate all your credit information into a proposal for a case referred to an Insolvency Practitioner.

    The proposal will have all the information the IP will need. Then he will present it to your creditors in a professional manner.

    The Paperwork for the Proposal

    Before the IVA can draft the proposal, you must provide them with proof of your financials. Your IP will need to have the details of the circumstances that have led to your current financial difficulty.

    Let your IP understand your income and expenditure so that they understand whether or not you will be able to maintain the payments that the creditors will be given for assessment. The details they will need include.

    Total income
    Total debt
    Your expenses
    Family situation (about partner)
    Rent, mortgages,
    Assets

    The IP will need paperwork to confirm the current financial situation, rent or mortgage agreement, food, utility bills, and bank statements. Your wage or payslip will also be required to verify that you can afford the proposed IVA before it is proportioned to your creditors.




    Statement of Affairs

    The statement of affairs will also contain the creditor details and a breakdown of income expenditure. Your IP can gauge your disposable income from the analysis, which he will use to see what monthly installment you can afford.

    Then, an interim order stops your creditors from taking further action until the IVA has been considered and either approved or otherwise.

    The Sip 3 Call

    Your IP will now put in a Sip 3 call when the statement of affairs is appropriately organized. This step is a legally required IVA process that helps the drafter familiarize with the applicant's situation.

    The SIP 3 call allows the drafter to get into the history of the applicants' financial problems to understand how they got where they are with debts.

    Step 4; The MOC

    The MOC, which stands for 'meeting of creditors,' comes after the selected insolvency practitioner has packaged the case. Your chosen IP will arrange a venue, time, and date where the creditors will meet. However, this only happens in theory, and the creditors communicate via emails or letters.

    The Meeting of Creditors Vote

    All the information collected, including disposable income, debt levels, and proof of debts, is forwarded to the creditors. A proxy voting is then set up, and they either accept or reject the IVA proposal.

    Here, your IP will provide a figure you can afford to pay every month.
    75% of the creditors must approve the IVA for it to go through. Most creditors only agree because it is their only way of getting some money back since the other option could be bankruptcy, where the creditor receives zero.

_Brand: Wealth and Finance News (£100.00) £100.00
_Select Publication Date: 2021-11-09
_Number of images/videos: 1 (£0.00)
_Media 1: Image or video?: Image (£0.00)
_Total number of words: 500-750 (£0.00)
_Do-Follow links: 1
_Article title: A Guide on Using the IVA Procedure to Get Rid of Debt in 2021
_Article text: IVA or Individual Voluntary Agreement is a legally binding agreement between yourself and the creditors that you owe money to. It is the bankruptcy alternative and will allow an individual to be debt-free in 5 years. You will agree on an amount you can afford each month over five years. At the end of the five years, they will clear your unsecured loan. Being in debt can be stressful, and understanding the best debt solution is equally strenuous. Therefore, you must have a guide to explain your best options. Understanding IVA IVA might be what you need to consolidate all your debts into one payment that you can afford monthly over five years. The IVA procedure will allow you 60 months to organize how to pay your debtors. Over these 60 months, you can pay a lump sum to settle your debt early as there is no set time in the 1986 Insolvency Act. It can last less than five years. Here is a guide to using the IVA to get rid of debt. Comparing IVA Companies Not all companies that claim to represent IVA are genuine. So it would help if you took the time to compare the companies before settling on one. As you make the comparison, remember that IVAs are not for everybody. A good IVA company should tell if it\'s good for you. Step 2; Make the Proposal After speaking to a good debt consultant company, they will tell you if IVA is for you. If so, they will collate all your credit information into a proposal for a case referred to an Insolvency Practitioner. The proposal will have all the information the IP will need. Then he will present it to your creditors in a professional manner. The Paperwork for the Proposal Before the IVA can draft the proposal, you must provide them with proof of your financials. Your IP will need to have the details of the circumstances that have led to your current financial difficulty. Let your IP understand your income and expenditure so that they understand whether or not you will be able to maintain the payments that the creditors will be given for assessment. The details they will need include. Total income Total debt Your expenses Family situation (about partner) Rent, mortgages, Assets The IP will need paperwork to confirm the current financial situation, rent or mortgage agreement, food, utility bills, and bank statements. Your wage or payslip will also be required to verify that you can afford the proposed IVA before it is proportioned to your creditors. Statement of Affairs The statement of affairs will also contain the creditor details and a breakdown of income expenditure. Your IP can gauge your disposable income from the analysis, which he will use to see what monthly installment you can afford. Then, an interim order stops your creditors from taking further action until the IVA has been considered and either approved or otherwise. The Sip 3 Call Your IP will now put in a Sip 3 call when the statement of affairs is appropriately organized. This step is a legally required IVA process that helps the drafter familiarize with the applicant\'s situation. The SIP 3 call allows the drafter to get into the history of the applicants\' financial problems to understand how they got where they are with debts. Step 4; The MOC The MOC, which stands for \'meeting of creditors,\' comes after the selected insolvency practitioner has packaged the case. Your chosen IP will arrange a venue, time, and date where the creditors will meet. However, this only happens in theory, and the creditors communicate via emails or letters. The Meeting of Creditors Vote All the information collected, including disposable income, debt levels, and proof of debts, is forwarded to the creditors. A proxy voting is then set up, and they either accept or reject the IVA proposal. Here, your IP will provide a figure you can afford to pay every month. 75% of the creditors must approve the IVA for it to go through. Most creditors only agree because it is their only way of getting some money back since the other option could be bankruptcy, where the creditor receives zero.
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Total:£56.00

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Company Name: A.I Global Media Limited
Bank: HSBC, 18 High Street, Burton on Trent, Staffordshire. DE14 1JD
Sort Code: 40-15-20
Account Number: 72063093
IBAN: GB16 HBUK 4015 2072 0630 93
SWIFT: HBUKGB4BXXX
Branch Identifier Code: HBUKGB4103G