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.

Question? Ask our experts

IVA Forum Topics

This months (March's posts) Post of the Month has come around again and the winner has been pulled...
by Foggy on 04/04/20

Hi, I have been in an IVA for just short of 3 years. I was switched to vanguard last year and this...
by loislane on 04/04/20

Hi my father has passed away and left me 2 property’s one of them he took equity release on I...
by tracy376 on 04/04/20

I have paid up 3 yea early in my Iva instead of 6yrs. I am on the last of the 6 yrs (Nov 2030) If I...
by venet on 04/04/20

Hello. I have a question about pension contribution. I'm with Nest and contributing 5% which taken...
by alex1982 on 03/04/20

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.