Analyse your financial situation & Decide if a IVA is appropriate
If you have questions about an Individual Voluntary Arrangement (IVA), would like to speak to a debt expert or are ready to apply for an IVA you are in the right place.
The Arrangement is a legally binding agreement to settle your unsecured debts. It was introduced into law in 1986 and is available in England, Wales and Northern Ireland.
An IVA allows you pay a single reduced amount towards your debts based on what you can afford. A monthly payment Arrangement will last 5-6 years. After this time any included debt which remains unpaid is written off.
Only unsecured debts are included. You must continue paying secured debts such as your mortgage. If you are a home owner your property gets legal protection but you may have to release equity to increase the amount you pay to your creditors.
Use the IVA Calculator below to see if you qualify or give us a call (0800 011 4712) to talk to an expert about whether the solution is right for you.
Speak to our experts about an IVA or any debt solution