Iva Apply

Not many people know that that legislation was introduced in 1986 which allowed debtors to have the right to tell their unsecured creditors that they would derive no benefit from them demanding monies from them that was not available. It might sound very strange, but your creditors will want to help you all they can.

With most debts it is usually the horrendous interest charges which prevent a sizeable chunk of capital from being noticeably paid off your debts. We are able to assist you to legally make a private arrangement with all your creditors which would drastically reduce your debts and cancel the interest charges. Thereby allowing for affordable payments by you every month without having to struggle or receiving any demanding phone call's or letters anymore !

What is an IVA?

An IVA (Individual Voluntary Arrangement) is a process set up by the government within the 1986 insolvency act that allows for a person in debt to make a formal arrangement with their creditors without the need to go into full bankruptcy.

An IVA will enable an individual with debts in excess of £15,000 to make dramatically reduced, affordable monthly payments over a fixed term, usually 5 years.

Once an IVA has been set up and the agreed monthly payment structure is adhered to, there will not be any further worrying demands from creditors and all of the letters and phone calls will stop.

All interest and charges will be frozen during the course of the IVA, and whatever is remaining will be written off at the completion of the IVA.