IVA - Individual Voluntary Arrangement

IVA is a legally-binding arrangement between you and your creditors writing off up to 90% of your debts. It means reaching a compromise with your creditors to settle your debts within a reasonable, fixed period of time and at the same time, avoid the consequences of bankruptcy. An individual who is intending to propose an IVA can apply for an Interim Order, the interim order basically prevents all creditors from pursuing any legal proceedings against you. If legal proceedings have been commenced, then they are frozen at the stage they have reached. Read more about IVA

Keith White, IVA Advisor, from IVA.com talks about IVAs. Contact Keith White directly here.

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IVA Forum Topics

I'm in a joint IVA with my husband. I have paid off nearly half of what they worked out what needed...
by lu on 15/07/19

Hi guys. Nearly 2.5 years into IVA (my own). Just had review which has flagged up some issues. Did...
by Johng79 on 15/07/19

We completed our IVA in 2017 but we have recently received a letter for Aperture (who dealt with the...
by stagbar13 on 15/07/19

Hi There, I am new to this. Just had my IVA approved via McCambridge Duffy, all positive so far. I...
by Newneg789 on 15/07/19

Okay so one of my creditors is Barclays and I took out finance with them which is in my Iva will I...
by Lauren1995 on 14/07/19

The above is provided as information only. Iva.co.uk does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.