Individual Voluntary Arrangement or an IVA was brought in by the 1986 Insolvency Act as an alternative to bankruptcy, which is in the favour of both the creditors and the debtors. An IVA company enables the debtors with financial difficulties to come to a mutual agreement with the creditors, rather than having to file for bankruptcy. Through an IVA, those who are facing serious conditions of debts become able to avoid bankruptcy, and at the same time make a fresh start. Those who are considering setting up an IVA must first of all contact a professional insolvency practitioner, who will help in outlining the proposal for debt repayment, clearly demonstrating how it will benefit the creditors and showing what assets and funds are available to them.
After that, the debtors can apply in the court for the interim order, which means that if this order gets granted, then the creditor will not be able to file a petition of bankruptcy. In the end the creditors meet and decide whether they will or will not accept the proposal of the debtors. If the creditors accept the proposal, then the assets go in charge of the insolvency practitioner, who then administers them for creditors complying with the conditions of the proposal.
While filing for IVA, the debtors are required to state the details including the comments of the nominee on the proposal, the list of all the assets of the debtor by a statement of the affairs, a complete listing of all the creditors, a guide to the charged fees by the supervisor and a proxy form. An IVA company with higher returns for the creditors is more likely to be accepted and be successful.
Setting up an IVA definitely affects a debtor's credit rating and will be recorded on their credit file for 6 years from the date of acceptance.. During the course of the IVA the debtor is unable to apply for any other credit card or loan without the consent of their Supervisor. If the debtor successfully completes their IVA it may be viewed favourably by future creditors.
Nobody wants to be declared bankrupt, and an IVA provides debtors with a way to avoid it. Moreover, the procedure of setting up an IVA is quite simple and at the same time, the debtors are able to hold public offices, live their regular life and earn an income for repaying their debts.
Setting Up Remote Control
Blogging is a lucrative source of profit and blogs are easy to set up and maintain. Imagine a life where you are paid to write on stuff that interests you, whenever you want, wherever you are. The mere flexibility of blogging makes it easy for you to just kick back, relax and go on a vacation whenever you feel like it.
In this article, we are going to look into the profitability of a blog and set up a blog of our own at no cost! Interested? Read on!
First, we need to obtain a blog. There are several options ? host a blog on your own domain or get a free blog. For starters, let's talk about the free blogs. You can obtain a free blog at www.blogger.com or the newer (and better!) www.wordpress.com. If you are a techie, you must have heard of Wordpress, a free blog engine that is robust and infinitely expandable.
Blogger.com is actually owned by Google, so it will be detected on Google's radar faster and you will be indexed faster. Wordpress.com, however, is a relatively new option so I have no comparison on the speed of getting indexed by search engines. However, Wordpress is better in the sense that it has more advanced features such as Trackbacks and Categories. You can also manage your sidebar links more efficiently (more about this later).
Get a free blog at either Blogger.com (http://www.blogger.com/signup.g) or Wordpress (http://wordpress.com/signup/). Then, familiarize yourself by posting your first post on your blog and tinkering around with the options and templates.
Here are a few common ?blog-related? words to help you out:
1)Permalink ? Permalink stands for permanent link, which is a URL (uniform resource locator) that leads to an individual post that you make in your blog.
2)Trackback ? When you post about someone else's blog post elsewhere, your post will show up in their ?trackback? section. This feature, however, is not available with a Blogger.com account.
3)Pinging ? Blogging seems to be paired with pinging almost every time either one is mentioned nowadays. Pinging is actually the action where a certain aggregator is notified whenever your blog is updated, so that the aggregator may show the newest post of your blog on their website. This is a useful way to gaining traffic, which we shall discuss later.
For now, I shall leave you testing out your new blog and the features that come included with it. In the next articles, we shall discuss the many ways we can gain profit from a blog, as well as tips on how to write posts that keep visitors glued and keep coming back for more!
Both Phillip Allen & Pesic Milos are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Phillip Allen has sinced written about articles on various topics from Debts Loans, Bankruptcy Law and Debts Loans. Phillip Allen is the managing director of Debt Lifeboat, a specialised provider of IVAs. Phillip has over 20 years experience dealing with IVA's and Debt Lifeboat has. Phillip Allen's top article generates over 3600 views. Bookmark Phillip Allen to your Favourites.
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