IVA (INDIVIDUAL VOLUNTARY ARRANGEMENT) / IVA DEBT ADVICE & HELP


IVA stands for Individual Voluntary Arrangement; it is a formal Insolvency Solution. An IVA is an agreement between you and your unsecured creditors, which allows you to repay only what you can reasonably afford over a fixed period of time.

It is often seen as an alternative to bankruptcy, and was introduced in England & Wales as part of the Insolvency Act 1986 and in Northern Ireland as part of the Insolvency (Northern Ireland) Order 1989. They are only available to individuals residing in England, Wales and Northern Ireland & Scotland.

How an IVA Can Help You Get Debt Free?

An IVA has to be set up and supervised by a Licensed Insolvency Practitioner (IP), it is not possible to have an IVA without an IP / IVA company. Here are the basics of IVAs:

In an IVA, a single, affordable monthly payment is agreed upon. This is then divided between the unsecured creditors included within the arrangement.

These payments are usually made for five years

At the end of an IVA, the balance of any debts included within the IVA is written off, and during its course, all interest and fees are frozen

IVAs are a formal, legally binding debt solution. This means once you enter into one, creditors can take no further action against you, and cannot contact you directly

IVAs need to be administered by an insolvency practitioner, who mediates between you and your creditors

Creditors benefit from IVAs as well as those in debt, as they generally ensure a larger repayment than bankruptcy would provide

Experienced and Trusted IVA Company

Honest and FREE Debt Advice

As an IVA company, we act as your insolvency practitioner, who mediates between you and your creditors.

AN IVA (Individual Voluntary Arrangement)  will give you an affordable monthly payment which will pay of your debtors an agreed debt amount, and the remaining debt, up to 85% will be written off and wiped clean.

Speak to one of our debt advisors today and we can talk to you and go through the various options to get debt free.

We can help you find ways to help manage your debts even if you think you have no savings, there maybe a debt solution you are not aware of.


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