subject: Advantages and disadvantages of IVA [print this page] Moreover its also important to know the disadvantages of IVA on the parallel side such as when contributions from income are being made, then its generally expected to be for a period longer than that in bankruptcy, i.e 5 years as opposed to 3 years, then the 5-year period is often needed by creditors as a bargain for allowing the Debtor to avoid the consequences of bankruptcy; If the Debtor fails to comply with the terms of the arrangement his home and assets can still be at risk if they have not been specifically excluded from the proposals, then likely that the Debtor will be made bankrupt at that time, and so on. So study well about this service before dealing with its pros and cons for your future safety.
