Individual Voluntary Arrangement

Individual Voluntary Arrangement (IVA) is an appropriate solution for you if you are struggling to repay debts of over £15,000 to more than two creditors. In this arrangement, there is affordable single monthly repayment for a period of 5 years.

What Is IVA can facilitate you to find a licensed Insolvency Practitioner who would draft an IVA proposal for you, that would be sent to all your creditors for arrangement of a meeting. If 75% of the creditors accept the proposal, the IVA becomes a legal binding for all parties irrespective of whether they approve or not.

To find out whether your circumstances are appropriate for an IVA, fill our online application form. Doing so, would help us assess your situation and advice you a possible solution.