Month: about 6 months ago

Can You Gamble With an IVA? A Comprehensive Guide

An Individual Voluntary Arrangement (IVA) is a formal agreement between you and your creditors to help you manage your debts. But what happens when gambling enters the picture? Is there a way to play at fast payout casinos – including an under 1 hour withdrawal casino – under an IVA? Can gambling debt be included in an IVA? This article aims to answer these questions and provide a comprehensive understanding of the relationship between gambling and IVAs. Understanding an IVA (Individual Voluntary Arrangement) An IVA is a legally binding agreement between a debtor and their creditors. It allows the debtor to make affordable monthly payments towards their debts over a set period, typically five to six years. At the end of this period, any remaining debt is usually written off. An IVA can be a lifeline for those struggling with unmanageable debt, but it also comes with responsibilities and restrictions. It's a serious financial...