An IVA (Individual Voluntary Arrangement) is a fantastic Government Approved Scheme which allows people who are struggling with debt to repay their debts in a short period of time usually 5 years and have up to 75% of the debt written off, subject to approval, as part of the arrangement. The government introduced the IVA as part of the Insolvency Act 1986 to give people a second chance. It is a legally binding structured repayment plan which benefits both you and your creditors.

Depending upon your circumstances with this debt service you benefit from:

• One monthly payment which usually lasts for 5 years.
• You will be protected from further court action.
• We deal with your creditors for you.
• Your monthly payment is based on what you can realistically afford.
• IVAs unlike bankruptcy will not be published in your local newspaper.
• It will not affect your job in any way i.e. if you are a police officer or in the armed forces. (subject to contract)

For Fees and Important Information please see below

Individual Voluntary Arrangement  (IVA) is specialist service provided by our sister company Mitchell Farrar Insolvency Practitioners LLP

IVAs have become increasingly popular as debt solutions over the past few years for those who find themselves over committed.

Is an IVA suitable for me?

An IVA debt solution is suitable for a person who is finding it increasingly hard to pay their monthly unsecured credit commitments such as loans, store cards, credit cards, overdrafts and catalogues. 

What criteria do I need to meet?

You do need to meet certain criteria if you want your proposals to be accepted, which are:

• At least 3 different creditors.
• A minimum debt level of £15,000.
• A minimum monthly contribution of £200, depending on debt level.
• Be in full time employment.

Get Online IVA Advice - Simply Complete our IVA Advice Form Now!

or Speak to an IVA Expert Today on 0800 157 7254