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If you are looking for an alternative to bankruptcy a VAT could be the answer

VAT – an alternative to bankruptcy for many people the idea of breaking them feels with horror – and is not difficult to understand why. Bankruptcy has all kinds of social stigma associated with it, not to mention a whole range of disadvantages and disqualifications.

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VAT – an alternative to bankruptcy

For many people the idea of break feel them with horror – and is not difficult to understand why.

Look for an alternative to bankruptcy

Bankruptcy has many disadvantages associated with it which means that one is must seek, if possible.

As well as the social stigma associated with bankruptcy, there is a series of disqualifications is attributed, such as:

Or people who declare bankruptcy losing its status of professional and business

Entrepreneurs who have gone bankrupt or not be allowed to hold public office

or if you is taken to bankruptcy have to deliver their valuable assets to the trust (including home)

or future employment prospects will be adversely affected by the bankruptcy

Entrepreneurs who have gone bankrupt or not can form, manage or promote a business without the permission of the Court

Why a VAT is a good alternative to bankruptcy

A VAT has none of the social stigmas, disqualifications and disadvantages associated with the bankruptcy. This makes it a good alternative to bankruptcy.

IVAS were actually initially introduced as an alternative to bankruptcy.

They are popular because they offer a good alternative to the bankruptcy of debtors and creditors.

From the point that a creditor’s view, a VAT is a good alternative to bankruptcy because there are no fees or legal procedure involved with it.Moreover, VAT offers a debt repayment more than possible that if the debtor has been carried into bankruptcy.

From the point of view of the debtor, a VAT is a good alternative to bankruptcy because it lacks stigmas and disqualifications. In addition, VAT, not uncommon that up to 80% of a debt write-off.

Who is an IVA suitable for

A VAT is a suitable alternative to bankruptcy for people with debts exceeding 15,000, multiple creditors and which can afford to pay at least £200 a month.

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