An individual voluntary arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time. This means it’s approved by the court and your creditors have to stick to it. With an IVA, you could be debt-free in just 5 years. Up to 80% of your debt can be written off¹, and you pay the rest back in affordable monthly payments with no more interest added, no more threats of legal action, and no more hassle from your creditors. An IVA can give you more control of your assets than bankruptcy.

  • Cost Free Debt Solutions
  • Government backed scheme IVA
  • Getting Debt relief with an IVA is very simple
  • No management fee and setup charges
  • Get your interest and charges frozen
  • Reduce monthly bill payments
  • Write off Up to 80% of debt

An IVA could allow you to

  • Avoid bankruptcy proceedings
  • Reduce your monthly repayments by up to 70%
  • Stop receiving hassle from your creditors
  • Safeguard your property
  • Only make one affordable payment each month
  • Become free of debt within five years


IVA Process 



The Consultation
First we determine whether proposing an IVA is in your best interests by way of a telephone consultation.Once we’ve established that an IVA is worth considering, we’ll then discuss your alternative options just to make sure that proposing an IVA remains your preferred choice



Your Proposal
Having decided you want to apply for an IVA, we’ll request from you some supporting documentation that we’ll need in order to prepare your IVA proposal.Once complete, we’ll then send you a copy of your IVA proposal and allow you time to read through it before asking you to sign and return it.



The Creditors’ Meeting
A virtual creditors’ meeting will be arranged, to provide your creditors an opportunity to vote on your IVA proposal.Assuming the required majority agrees to accept your IVA proposal at the meeting, the IVA is considered approved from this point.



Your IVA Agreement
Once your IVA has been approved, all interest is immediately frozen, all charges and late payment fees are stopped and creditors must refrain from contacting you.You are now legally protected by your IVA and your creditors forfeit any right to take legal action against you, ensuring your home and any other assets are safe.



Debt Free
On successful completion of your IVA, you will be provided with a ‘Completion Certificate’.All remaining outstanding balances from your original debt are now legally written-off.
You are now officially debt free.

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.

*Following completion and submission of our form, we will introduce you to a specialist IVA company who will contact you via telephone using the information you have provided here on the website. Please see our Terms & Conditions and our Privacy Policy for further details. Free advice is also available at Money Advice Service at : moneyadviceservice.org.uk

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