Individual Voluntary Arrangements in the UK

If you are having problems with your debts, rest assured you are not alone. Debt is a common problem in the UK today and when you find yourself in serious debt you need specialist help.

Escaping debt is never easy and although there is no simple solution to getting out of debt, the sooner you take action then the quicker you can get on with your life.

Dependent on your circumstances there are a number of debt solutions available. IVAs are one such solution and they are the most effective way to write off debt and avoid bankruptcy.

Do I qualify for an IVA?

IVAs are primarily intended to be a debt solution for people who are working and who have debts over £15,000 over three or more creditors.  But each individual IVA case is different, and your eligibility can only be confirmed by speaking with an IVA specialist.

IVAs originated from legislation introduced by the Government to give a practical alternative to bankruptcy. If your application for an IVA is approved by your creditors, then you are only obliged to make payments you can realistically afford for a set period, usually 60 months. Upon completion of the agreed IVA period your remaining debt is legally written off.

This is why IVAs offer a realistic way of becoming debt free.

How Do I Arrange an IVA?

Before seeking to arrange an IVA, you need to understand that although IVAs are a less drastic alternative to declaring yourself bankrupt, entering into an IVA is a serious decision and you need to take professional advice before committing to any type of debt solution.

We can help you decide if an IVA is a possibility, based on your individual circumstances. The next step is the completion of an information pack which gives our specialist consultants and our insolvency practitioners all the information they need to make a final decision as to whether to put you forward to the next stage.

IVAS.co.uk - The IVA Specialists 

IVAs.co.uk are IVA specialists and we have arranged thousands of IVAs for our clients. Our Insolvency Practitioners are fully qualified and regulated and they will ensure that you are only put forward for an IVA if it is the most appropriate debt solution for you.

If you do not qualify for an IVA or after considering the implications decide that it is not for you, then we can make recommendations as to which other debt solutions may be suitable. These alternatives include debt management plans and debt consolidation loans.

IVAs may or may not be the best solution to your debt problems, but it is important that you get expert advice before you can make any final decisions about your debt solution. Simply take our no-obligation debt wizard or call us free today on 0800 048 1768.