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

Hi All, I have cancelled my IVA by letting it fail as I now qualify for a DRO. The variation...
by LutonStudent on 01/12/21

Hello My 2nd creditors meeting is Dec 2nd after a 14 day postponement. I really feel like they are...
by Tr00per on 29/11/21

Hi All, I have noticed that my Barclaycard with £1500 on (which went into my IVA last year) has...
by LutonStudent on 29/11/21

Hello I am new to the forum and having sleepless nights. My IVA was rejected last week. I'm with...
by Tr00per on 27/11/21

Hi I have been contacted today by my IVA administrator and told that I owe over £2000 in arrears...
by Lucy Betts on 25/11/21

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.