Unsecured Debts are Used in a CCS IVA
The debts that CCS can work with in an Individual Voluntary Agreement or IVA are unsecured debts. These are debts that have not been secured by any types of collateral materials. This means that these debts cannot be simply paid off just by selling the materials that someone has in one’s possession. These debts will have to be paid off in a standard form and must be taken care of as soon as possible. Using an IVA with CCS will be the best thing to do when a person does not have the assets needed to pay off any of these unsecured debts.