I came across an interesting website today about a process in the United Kingdom called Individual Voluntary Arrangements. They’re a debt solution and from what I can tell there isn’t really anything like it in Canada.

If you get a chance check it out the site. A few of the good bits are as follows:

What is an IVA? – explains the process.

Letter of full and final settlement sample – something to send to your creditors if you’re in debt.

How to negotiate an IVA - as it sounds.

I’ll try updating more often with website of interest like this in the coming days. Hope everyone is doing well!