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IVA (Individual Voluntary Arrangement)

Debt Free in 60 Months

What is an IVA?

‘In the United Kingdom, Individual Voluntary Arrangements (IVAs) are a formal alternative for individuals wishing to avoid petitioning for their own bankruptcy. This is known as a Protected Trust Deed (PTD) in Scotland ‘

‘The aim of an IVA is to help you clear your debts at a reduced level over a fixed term, usually over a period of 5 years. Through the duration of the IVA you won't receive any further contact from your creditors, plus all interest and charges will be frozen. ‘

DEBT FREE - In 5 years

CLEAR - Your debt

REDUCE - Your monthly payment

STOP - Interest and charges

NO HASSLE - From creditors

FORMAL - Legally binding agreement

Our Service

  • We will look at your income and essential living costs (mortgage/rent, utility bills etc) and work out an affordable monthly repayment.
  • This will be negotiated with your creditors and all parties are bound by a legally binding agreement.
  • We have strategic partnerships in place with professional bodies to help find the right solution for you, whether it's an IVA or PTD (Scotland).

An IVA is a formal debt solution designed to assist with repayment of overwhelming debt. It is a legally binding agreement, so all parties (debtor and creditor) must adhere to the arrangement throughout the duration of the IVA. The debtor has a commitment to repay as much of their total debt over 60 months and this monthly figure is determined through what you can realistically afford each month.

The Alternatives

Debt Management
Bankruptcy
Secured Loan/Remortgage

 

For free advice on the best debt solution for you contact us

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