About IVA

About IVA

Getting debt relief with an IVA is very simple. All you do is make one affordable monthly payment to a qualified legal professional, who in turn distributes the payments according to the amounts previously agreed by your creditors in an IVA proposal. You do this every month, for 60 to 72 months, and at the end of the term any debt balances you still owe are written off.

You don’t have to deal with creditors any more, and all the hard work is done for you.

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Frequently Asked Questions

Frequently Asked Questions

An IVA, or Individual Voluntary Arrangement, is a formal agreement between you and your creditors that is designed to help you manage your debts and work towards a debt free future.

A licenced Insolvency Practitioner (IP) will assess what you can realistically afford to pay and present a proposal to your creditors. If your creditors accept the proposal it becomes a legally binding agreement.

An IVA will typically last five years but can be six based on circumstances. During this period your Insolvency Practitioner (IP) will review your finances each year and send an annual report to both you and your creditors.

Like any financial decision entering an IVA is not a decision to be taken lightly. You need to get help & advice before you decide. We can help you decide if an IVA is the best debt solution to suit your individual circumstances.

Your IVA payment will be calculated by analysing your income and expenses (not including any debt repayments). We then work out how much money you have left over each month. This left over amount is your potential IVA payment.

Testimonials

Testimonials

Begin Your Journey to Financial Freedom

We only work with the very best insolvency companies. After a quick online application you will receive a call from one of our friendly advisors for a non-obligation chat just to see if an IVA really is the best option for you. If both parties are happy, our work can start in making you debt free and back on your feet with a real financial future that may be a lot closer than you think…

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