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Debt Repayment on 04 23rd, 2010 |
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If you can’t afford to repay everything that you own in debt, then you may be able to write off a portion of it by declaring yourself insolvent. There’s three main ways that this can be done, one is by entering an IVA for example. However, an IVA is just one of three kinds of insolvency, and all three will ensure that you’re debt free in no time. You can write off your debt through declaring yourself bankruptcy, so you’ll basically hand over control of just about all your assets, including your property, money, shares etc, to an Official Receiver,...