IVA: Individual Voluntary Arrangements


Many people are struggling with large debts as a result of the current credit crunch. Are you one of them?

An IVA may be the answer to your problems. If you have over £20,000 of unsecured debts and can afford to pay a minimum of £300 per month for a period of up to 5 years (sometimes longer) then you can make an IVA proposal to your creditors, in full and final settlement of all your unsecured debts.

Upon approval of the IVA, interest ceases to be added to the account and your debts will be cleared after the period of the IVA has terminated.

This applies even when creditors do not receive 100p in the £.

To see if an IVA is right for you please read the booklet Is A Voluntary Arrangement Right For Me?

If you still have any queries, please do not hesitate to ring me for a free and confidential discussion to determine your suitability for an IVA.

I am a qualified and licensed insolvency practitioner based in Fareham, Hampshire, and I offer solutions to debt problems, although an IVA may not be relevant in all situations.