A while ago I posted some photos of Chinglish. I found it amusing that some people thought they were fake and photoshopped. Well apparently I owe you an explanation. I was reading some of my favorite Chinese blogs today and found this particular entry. It talks in details where some of these translations came from. If you are interested, please read the Etiology and Elaboration of a Flagrant Mistranslation.
IVA – Individual Voluntary Agreement
IVA provides a viable alternative to bankruptcy and is therefore for those individuals that really cannot afford to pay off existing debts any longer. An IVA can help because it is a proposal that is sent to all of an individual?s creditors offering a settlement over a period of five years or so. After that period, the debt is settled. However, there are certain criteria that your proposal has to meet before coming in to being!