How to Apply For an IVA?

Individual Voluntary Agreement is a solution for your debt problems. An IVA helps you to eradicate some of your debts through a lawfully binding agreement with the lenders. IVA is a kind of insolvency but different from bankruptcy. If the court approves an IVA, your creditors are legally bound to stick with the decision.

If you are unable to pay your debts, then IVA may be a solution for your debt problems.  It will help you a lot but you must know how to apply for an IVA. Let’s discuss the process in detail:


Get Expert Advice

Getting an expert advice is very important because they will analyze whether you need an IVA or not. They will help you navigate the benefits and drawbacks should you apply for an IVA. More so, not everyone can opt for an IVA because one may face more risks than benefits of getting an IVA.

The experts that read your case are called insolvency practitioners. If your insolvency practitioner decides to apply for an IVA, then he will prepare your case.


Applying for an Interim Order

Your insolvency practitioner will request to the court to issue an interim order. This interim order will keep your creditors at bay from getting back the loan till the approval of an IVA. Hence, creditors will not be able to take any legal action against you and they will not be able to make you bankrupt.


Evaluating Finances and Payments

Your insolvency practitioner will evaluate your income and assets. He will look what you can save at the end of the month after meeting all your expenses. The insolvency practitioner will look deep into your assets.

He will assess which of your assets should be included in an IVA to raise the money for repayment to the creditors. He will take care of your mandatory assets that you need for the survival. For instance, he may not include your home because you do not have any other property to live in.

Your insolvency practitioner will try to offer as much to the creditors you can afford. Remember, a realistic IVA has more chances of success than an unrealistic IVA.


Write a Proposal

Your IP will prepare a proposal for your creditors. The proposal will decide how you will pay back your creditors. Whether you pay in full or in an installment basis. It will also decide how much debt you are trying to write off from your total debt.

The IP will make a report for the court. The court will also assess whether the proposal is acceptable or not. However, your IP should consider interests of your creditors while making a proposal. Your creditors may reject the proposal at once if they see their greater loss.


Creditors’ Meeting

A creditors meeting will be held and they will vote whether to accept or reject the proposal. Usually, this meeting is held in the IP’s office. You must attend the meeting because you can show your position in person to the creditors.



If 75% or more creditors make a vote to accept your proposal; hurrah, your IVA is approved. Now, the creditors who voted against the IVA are also bound legally to accept the decision.

Posted in Business | Leave a comment

Is Green Energy Sustainable?

The need of using renewable energy sources of power has become more urgent over the years due to the increasing incidence of climate-related disasters brought by massive carbon emissions where the fossil fuel industry plays a significant role.

To fix this problem, alternative and renewable sources of power have been developed, tested, and made available for public consumption which is why a lot of critics have questioned the sustainability of green energy despite the benefits of renewable energy which have become more evident than ever.

Since this concept has not reached the farthest corners of the world, some people may get confused if green energy is the same as renewable energy, and how renewable energy is sustainable, so educating them by being an active advocate can surely help.

Is Green Energy the Same as Renewable Energy

Is Green Energy the Same as Renewable Energy?

A lot of people use the terms green energy and renewable energy interchangeably which is why a lot of individuals are confused if green energy is the same as renewable energy and, the answer to this question is both yes and no.

Green energy is the same as renewable energy in a sense it is a subset of renewable energy but, what sets it apart from the conventional renewable energy sources is that green energy provides the highest environmental benefits through technologies which use solar, kinetic (from wind or water), and other natural resources.

Now that this is made clearer, the future of the environment can now be improved, especially as sustainability of green energy is becoming more optimistic.

Benefits of Renewable Energy

Several benefits of renewable energy can be experienced today, and some of them can last for even a decade as long as society is committed to learning to make improved types of the latest engineering designs which can conserve energy and provide more opportunities to save both money and the environment.

Some benefits of renewable energy are:

1. Concerned university and company scientists point out green energy can help minimize the harmful effects of excessive energy consumption to the environment by using natural and renewable resources.

2. It can contribute to conserving energy, save money and open opportunities and careers.

3. Since this business is relatively new, jobs are in high demand for both office and field positions.

With these benefits, the question of how is renewable energy sustainable still plagues many, especially since the sustainability of green energy has been a target by many critics over the years.

How is Renewable Energy Sustainable

Aiming to answer how renewable energy is sustainable, many researchers have studied and developed natural yet effective processes which use little to no chemicals yet still provide clean and real energy to a building.

With these technological and engineering developments, the use of renewable sources of power such as solar panels has been maximized even for private purposes, discreetly and aesthetically. For example, roofs of buildings can be lined with solar panels to provide clean power while remaining visually pleasing.

Sustainability of Green Energy, Challenged

Sustainability of Green Energy, Challenged

The ongoing developments of renewable green energy sources have led many to question the viability of green energy.

With the benefits these systems can offer, many people argue it will become a significant innovation which can help shape the future. Since people are constantly looking for ways to learn how they can make these systems more efficient and accessible, it is expected green energy will be here for a long time.

Posted in Business, Green Energy | Leave a comment

What Is The Future Of Gas Prices?

The current price of gas has been sustaining the low prices of gasoline set over the past few years, leaving people questioning what is the average price of a barrel of crude oil, since, in the past 12 years, the prices of oil and natural gasoline have been declining.

With this outlook, people are speculating the gas prices in the future are going to be optimistic. So unless you’ve got Deion Sanders money and are planning on competing with Nick Cannon’s net worth in 2017, you probably are somewhat considered about gas prices and how they can affect your life.

However, recent forecasts have asserted the opposite in their gas price predictions in the next 5 years which is why knowing the forecast for the energy market tomorrow, can help you benefit from it today.

Can Gas Prices in the Future be Consistent with the Current Price of Gas

Can Gas Prices in the Future be Consistent with the Current Price of Gas?

With the current price of gas hitting a 12-year low, many consumers are left wondering if the gas prices in the future will still follow the same trend with the current price of gas.

In the past years, the cost of fuel has been steadily declining, eventually hitting its lowest for 2017 and with this trend, people are expecting prices for such commodities will continue to drop, if not, maintain the price proportionality with the inflation rates.

The thing is, the prediction is for gas prices in the future to rise since this commodity is said to have reached its lowest as reflected by the current price of gas.

With the price of gallons of gas expected to increase in the future, it is imperative for consumers like you to know the current average price to help you benefit from it.

Factors that Influence the Average Price of a Barrel of Crude Oil

The average price of a barrel of crude oil may vary, especially since there are several factors which can impact its prices depending on what the latest trends on pricing are.

The supply and demand concept still applies for this commodity, especially since there are several drivers of barrel prices of crude oil which include:

1. Supply Availability

a. National, local and company issues being faced by the suppliers.
b. The number of providers on the market.
c. Output freeze implemented by the Organization of Petroleum Exporting Countries (OPEC) which can lock and hold supplies.

2. Demand from the Market

There are additional factors which can impact the average price of gas, and with the current events happening in the world, gas price predictions for the next 5 years are not as “optimistic” for consumers as they are today.

Gas Price Predictions for the Next 5 Years

Gas Price Predictions for the Next 5 Years

Trends in commodity trading between OPEC and Non-OPEC stakeholders are indicating despite a 12-year decline in gas prices; the next 5 years will experience a surge of rising prices per gallon because the oil supply is expected to be outstripped by the production of it.

The current gas prices are low because of the ample supply of gas, in addition to a low number of consumers demanding it.

In the long run, the amount is predicted to be outnumbered by the demand, which is why customers are advised to watch out for the driving influences on gas prices and make sure they use it to their advantage.

Posted in Business, Gas | Leave a comment

What Is Fracking & Why It’s Great

In the last 12 years, it has been recorded that the current gas prices are at an all time low mainly due to having an ample supply for the current market.

However, this may be problematic in the long run as many analysts predict that gas prices are expected to rise with the increasing demand but declining supply available.

With rising gas prices, many methods of exploring natural resources which employ alternatives friendly to the environment such as fracking have been developed, since the positive effects of fracking, specifically with the economic impact of fracking, are evident.

There are several fracking benefits and risks, and it pays to look beyond the fracking benefits to help assess if this environmental alternative can be deemed beneficial overall.

economic impact of fracking

Looking beyond the Positive Effects of Fracking

Exploration of natural resources which require wide scale burrowing or drilling has been found to cause environmental problems in the long run if the methods employed are not friendly to the environment and the community.

With this in mind, procedures such as fracking benefits not only the company facilitating it, but the surrounding communities as well bring about the positive effects of fracking.

Fracking involves the use of hydraulic fracturing of the earth where a pressurized mixture of water, sand, and chemicals are used to drill a hole into the land in search of crude oil or shale gas for a greener energy.

With the chemicals and processes involved in hydraulic fracturing, the positive effects of fracking which include the gradual release of stored gases out of the well which can reduce levels of air pollution.

Since the positive effects of fracking or the fracking benefits are apparent, it pays to look at both fracking benefits and risks to ensure that the extraction of shale gas can have little to no negative impact on health and the economy.

Fracking Benefits and Risks

People should look beyond the economic impact of fracking and start looking at both the fracking benefits and risks associated with hydraulic fracturing. Exploring for energy resources involves risks, in particular with the process being employed to acquire such power. Some of the fracking benefits and risks include:

  1. Fracking can help the economy of the local state.
  2. Fracking benefits communities by providing job opportunities.
  3. Fracking helps the environment also in a way where energy is acquired with minimal air pollution.

Despite these pros, the risks associated with hydraulic fracturing involve:

  1. Environmental issues and global warming contribution.
  2. Hydrofracking can expose nearby communities to chemicals.
  3. One of its primary cons is it can also induce a drought in the local area.

fracking benefits and risks

The Economic Impact of Fracking

Looking at fracking benefits and risks, studying the economic impact of fracking with the help of experts in economics can help investors assess the dangers and the pros associated with hydraulic fracking.

With the increasing demands from consumers, this process is deemed as a good alternative to some traditional practices to extract shale gas. What makes fracking great is it benefits the community holistically.

These benefits mean the economic impact of fracking can be active while minimizing the number of air pollutants and reducing human exposure to lessen the incidence of chemical exposure.


Posted in Business | Leave a comment

Hello world!

Welcome to WordPress. This is your first post. Edit or delete it, then start writing!

Posted in Uncategorized | 1 Comment