Welcome to What is IVA

Have you incurred debts over £15,000 and are struggling to pay it off? Then an Individual Voluntary Arrangement or IVA is an appropriate option for you. What Is IVA is specialized in finding apt IVA help from Licensed Insolvency Practitioners (IP). We would help you to contact an Insolvency Practitioner, who will prepare for you an IVA proposal after evaluating your debt situation. This proposal has to be approved by 75% of your creditors for it to be pursued.

It is a legal contract between you and your creditors through which you get the opportunity to freeze interest rates and make lower repayments. In this manner, an IVA is a less restrictive alternative to bankruptcy. Under an IVA solution you no longer have to deal with individual creditors. You would only have to make fixed monthly repayments, usually for a period of 5 years. If you stick to these terms, then at the end of the agreement an outstanding debt can be written off.

There are many advantages of an IVA over other debt solutions. Your monthly debt payments can get reduced up to two thirds and all further interests and charges are stopped. Once the IVA is approved, any legal action including bankruptcy proceedings is stopped.

To find proper IVA advice, come to What Is IVA. We have a panel of professional financial advisors who could give you appropriate advice to get rid of debts. Through an IVA, you would be able to bring your financial life back on track.