An individual voluntary agreement, or IVA for short, is a binding legal document that acts between any unsecured creditors and your business. Indeed, in the event that your financial situation becomes untenable, then an individual voluntary agreement will stop any unsecured creditors from taking legal action against your business, especially relating to the application for and enforcement of legal action, including county court judgements if you fail to pay your debts. An individual voluntary agreement is important because it can help to protect your business assets from seizure by unsecured creditors or from passing your debt onto a third-party collection agency which could incur additional costs. Therefore, if your business is experiencing financial difficulties, then you should understand the advantages and disadvantages of entering into an individual voluntary agreement to prevent your business from becoming bankrupt. Contine reading
Certain products or services end up costing a surprising amount of money. If you don’t want to get caught having a bill for something that you can’t afford, your best bet is to get a quote before starting any service related to it.
Living is expensive. The costs for basic living essentials alone (i.e., rent/mortgage and groceries) leaves most of us with a limited disposable income at the end of each month. Add on costs from things like student loans, car payments, and insurance, and we wonder how we’ll ever get ahead in life financially. We ask ourselves how we can begin to build for our futures by building financially-responsible habits such as saving for retirement. Contine reading
Every organization has their own intricate patterns for growth, and each and every department within the company merges together to achieve that growth. This can be illustrative, for example, of an organization operating in the IT sector, which will obviously have a larger customer service department than that of a retail store.
Due to the differences and the individual modular needs of organizations, departments within every company are responsible for storing and managing their documents separately, without the presence of a single unified system of organization. However, problems arises when an organization starts growing and there comes a time when the duties of departments start overlapping. Individuals working across different departments now require access to each other’s files and documents in a bid to remain up to date and aligned with what’s happening across all corners of the company. Contine reading
In today’s society, divorce is all about the money. In the past it was about which spouse was the meanest and which one slept with the babysitter! When it comes to modern-day divorce, the income of both spouses should technically be up for grabs. Contine reading
Managing your personal finances can be a tricky business, but with a little bit of planning you can make sure it all runs smoothly.
If you’re finding it tough tomake the most out of your income, it makes sense to put things in place that will relieve some of the pressure. Contine reading
The world is turning into a global village because of technology. Its advancement is creating new markets and investment sectors daily. It is indeed hard to keep track of the growing trends and navigate through economic changes. But, there are sectors where you could invest which are bound to bring profit. Below are the industries which you can make money in this year. Contine reading
£21.7 billion has been paid out by banks over the last six years for successful PPI claims. Millions of people all over the UK have been mis-sold payment protection insurance (PPI) but are still yet to claim for their money back. Here at a few facts to take on board before starting a PPI claim. Contine reading
Better accounting can help organise personal or business finances, with similar methods used for both. It puts you in control because you can spot potential problems looming on the horizon and take action to prevent them. Contine reading
Although there are strong profits to be made from forex trading, large losses are also commonplace; especially for beginners. However, by following these tips closely, you can avoid any possible disasters and increase your chances of turning a profit in the markets. Here are our five top tips. Contine reading