Individual Voluntary Arrangement

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

What Is IVA can facilitate locating a licensed Insolvency Practitioner who would draft an IVA proposal that would be sent to all your creditors. If 75% of the creditors accept the proposal, the IVA becomes legally 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 advise you about a possible solution.