An Individual Voluntary Arrangement - IVA is a formal agreement between you and your creditors where you will come to an arrangement with people you owe money to, to make reduced payments towards the total amount of your debt in order to pay off a percentage of what you owe then generally after 5 years your debt is classed as settled.

Up to 75% of your debt can be written off with an IVA. This why many consumers choose an IVA.

With an IVA, your monthly repayments are based on what you can afford.

Your creditors cannot contact you whilst the IVA is in place.

Once you have completed your IVA according to the specified terms then you are deemed to be debt free.

No Social Stigma with an IVA this why people choose an IVA over bankruptcy.

No Professional Disqualification with an IVA

Many people choose an IVA becuase the costs of an IVA are lower than bankruptcy

Many people choose an IVA becuase you get to keep your assets with an IVA.

Company directors, sole traders, partners, individuals and employees can all qualify for an IVA.

You can still apply for a mortgage in an IVA.

Unlike bankruptcy if a person does an IVA their home will not be repossessed.

The creditors prefer an IVA because they get some of their money back.

An IVA is private, unlike bankruptcy.

You can keep a normal bank account with an IVA

An IVA is legally binding so the creditors cannot change their mind.

Up to 75% of all debt can be written off with an IVA.

PLEASE CALL 0800 074 6918 OR APPLY ONLINE FOR AN IVA OR ANY OTHER DEBT SOLUTION

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