Individual Voluntary Arrangements (IVA's)

If you have a substantial amount of unsecured debt, usually around £15,000 or more, an Individual Voluntary Arrangement (IVA) could be your best solution.

It acts as a legally binding agreement between you and your creditors, effectively freezing interest charges and setting an affordable monthly payment amount over an agreed fixed period, usually 5 years.

Some of the benefits of an IVA are

	Write off unaffordable unsecured debts.
	One single monthly payment.
	Fixed term usually 5 years.
	Protection against further creditor action.
	Your creditors are legally bound by the terms of the arrangement.
	A true and viable alternative to bankruptcy.
	A IVA is between you and your creditors so there are no public notices or announcements
	Write of up to 80% of your debt

Best of all, you will know exactly how to budget as you'll know exactly what you have to pay each month - and for how long.

We are here to help whatever your circumstances: divorce, illness, losing a job or a business, starting a family or simply over-committing ourselves can all make our debts get out of control.

For more information on IVA's click here or call us for a free consultation.