For Immediate help 
An IVA, or Individual Voluntary Arrangement, is a legal alternative to bankruptcy for those experiencing personal insolvency. It is a legally binding agreement made between you and your creditors and involves you renegotiating your debt repayments according to what you can realistically afford. When your application is complete and successful, you are left with one single payment to make each month for an agreed period of time.
There are certain eligibility criteria you must meet in order to enter into an IVA. These include:
If you do not meet this criteria, we may still be able to assist you by referring you to our partner Moneysolve for assistance with an alternative debt solution.
An IVA may be proposed by individuals resident in England, Northern Ireland and Wales. An IVA can only be proposed if an individual is insolvent.
Usually, an IVA lasts for 60 months (5 years) depending on your circumstances. At the end of this period, your debts are considered to be settled in full; this may be different if you are a home owner.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
An IVA may be proposed by individuals resident in England, Northern Ireland and Wales. An IVA can only be proposed if an individual is insolvent.
Usually, an IVA lasts for 60 months (5 years) depending on your circumstances. At the end of this period, your debts are considered to be settled in full; this may be different if you are a home owner.
For peace of mind, why not ask for our advice?
Request a confidential consultation with one of our insolvency specialists today.
