Bankruptcy is a condition that nobody likes to be in but sometimes one cannot control the various conditions like fuel price hikes, inflation etc. that lead to the bankruptcy. Then one can either go for filing the bankruptcy petition or opting for the Individual Voluntary Agreement also known as IVA. It is a debt resolving method approved by the government and you can apply for an IVA and go through whole of the process with the Insolvency Practitioner (IP). IVAs can help you in avoiding the t...