IVA's (Individual Voluntary Agreement)

An IVA is where you come to an arrangement with all of your creditors about how to pay off your debts, which is enforceable by the Insolvency Act of 1986.

The IVA is usually prepared under the supervision of a licensed Insolvency Practitioner and, once in place, it has the force of law. The good thing about an IVA is that it stops your creditors from harassing you and it enables you to have a great deal more control over your assets and how they are dealt with than you would by declaring yourself bankrupt.

If you find that you are heavily in debt and cannot meet your repayments to creditors then an IVA may be the best plan of action for you.

To discuss how to clear your debt through use of an IVA then fill in the Debt Help Enquiry Form Here and you can be speaking with one of our Specialist IVA Advisors in minutes.

KEY FEATURES OF AN IVA:

• One affordable monthly payment - for five years
• The interest on your accounts is frozen immediately
• The unpaid balance of your debts is written off - upto 75%
• Protects you from further action by your creditors
• Your creditors are legally bound by the terms of the agreement
• No uncertainty: you know how much you pay and for how long
• Can be used to prevent bankruptcy proceedings against you
• Real alternative to declaring yourself bankrupt
• No public notices: an IVA is between you and your creditors

To discuss how to clear your debt through use of an IVA then fill in the Debt Help Enquiry Form Here and you can be speaking with one of our Debt Advisors in minutes.