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Available to residents of England, Wales and NI
Individual Voluntary Arrangement (IVA)
A consolidated monthly repayment based on what you can realistically afford.
Great for consolidating unsecured debts
Amount of debt must be over £5,0000
Must be able to pay at least £90 a month
Typically lasts for a term of 5 years
At the end of its term, any remaining debts will be written off
You may be able to write-off up to 85% of debt with an IVA.
See if an IVA will fulfil your needs
We will only use your details to contact you about the information contained in your form submission. We do not share your data with any third parties.
What is an Individual Voluntary Arrangement?
A formal agreement between you and your creditors to repay what you can afford over a set period of time. After the time has passed, all remaining debts are written-off.
Most unsecured debts can be consolidated into an IVA. An Insolvency Practitioner (IP) will help you work out what you can afford each month and will collect the payment which is then split between your creditors.
All correspondence is handled by your IP so, other than a statutory annual statement, you should have no further contact with your creditors.
As with any formal debt solution, it is important that you speak to an IVA professional to ensure that you fully understand the implications of an IVA.
A formal agreement between you and your creditors to repay what you can afford over a set period of time. After the time has passed, all remaining debts are written-off.
Most unsecured debts can be consolidated into an IVA. An Insolvency Practitioner (IP) will help you work out what you can afford each month and will collect the payment which is then split between your creditors.
All correspondence is handled by your IP so, other than a statutory annual statement, you should have no further contact with your creditors.
As with any formal debt solution, it is important that you speak to an IVA professional to ensure that you fully understand the implications of an IVA.
To make life even easier, once you have agreed a repayment amount and the right debt solution for you, we do the rest. We will collect the payment from you each month and split it between your creditors for you.
Relieve stress and give yourself peace of mind knowing that you debts are under control
Consolidate your debts into a single, affordable monthly repayment and write-off what you can no longer afford with an IVA.