There are many advantages of an IVA and that is why over 60,000 people a year in the UK in debt each year choose an IVA

• 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.

There are many profit making making companies in the UK offering IVAs. E-insolvency advise to choose you IVA provider carefully as many firms make unrealistic claims such as stating they can write off 95% of debt.

How do I start an IVA?

You can consider an IVA to deal with your debt problem if you satisfy the following guideline:-

• You must have UK debt in £ (pounds sterling).
• You must be a resident of England, Wales or Northern Ireland. Please note that if you live in Scotland we can still help you but you should consider a Protected Trust Deed in Scotland.
• You must be insolvent. This means you are having difficulties paying your debts or your debts are more than the equity in your home.
• You must have debts over £15000. Please note for smaller debts you should consider a Debt Management Plan
• You must be able to afford at least £200 per month towards to your debts. This is because the creditors need to get at least 25% of their money back before they will consider starting an IVA for you.
• You should have a regular income and show that you can afford all your basic living expenses such food, clothing and utility bills.
• You must show good attitude towards paying your debts because the IVA practitioner must feel comfortable acting for you.

Why Choose E-insolvency

• We are an independent organisation that is not associated or affiliated with any financial institution.
• Our primary focus is to provide debt and insolvency advice whilst educating consumers regarding debt and adverse credit solutions.
• We are currently have the most extensive and objective source of debt management information in the country.
• We list and rate all debt management techniques.
• Unlike many other financial advice web sites, we as a company do not advertise.
• We carefully screen our panel members. For example we only partner with companies who work on a "no win - no fee basis" or who take on clients on a "no upfront fee basis"
• We do not have any advertisements on our site. We feel that advertisers may influence our services.
• We do not charge for our services as we wish to be independent.
• We encourage consumers to contact us with any questions regarding our services. If we are unable to answer a given question, then we will refer the inquirer direct to one of our panel members.
• We do our best to respond to all inquiries within 12 hours (often within 1 hour).
• We, as a policy, do not have a message board facility as we believe all enquiries to our web-site are taken personally by one of our highly trained advisors.
• We keep the content on our site as new and updated as possible. We are also very committed to expanding our existing content.