IVA Help & Advice debt-simple

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.