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

elsie358 avatar My bank account is blocked

Why my debut card is blocked I have money in my account and I need it so badly. The bank says...
by elsie358 on 04/08/21

jamie584 avatar Charge on house if F&F accepted

We are struggling with our IVA as we live 300 miles away from family and now have a baby which means...
by jamie584 on 04/08/21

laura302 avatar My last payment due 15 th june

My last payment due 15 th june paid also july as Ihad one month off february.,which theyinformed me...
by laura302 on 04/08/21

Whiteeyes avatar 5th year of IVA- equity release question

Hi, My wife and I are in a joint IVA and are in our 5th year which means in a few months CreditFix...
by Whiteeyes on 03/08/21

Lahoretiger avatar On iva can i go bankcrupt

In an iva with stepchange can i go bankcrupt no assets at all
by Lahoretiger on 03/08/21

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.