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

diane307 avatar 4 wage slips for review or 12 as paid weekly

I get paid weekly, I'm due a annual review on my iva so do I only need to provide 4 wage slips or...
by diane307 on 05/07/20

Carl.gi avatar PPI claim once iva ended

Hi, Completed my Iva in 2011. Was due to receive a ppi payment from Lombard plc and have been...
by Carl.gi on 05/07/20

judith avatar Any end to windfall claims?

We completed our IVA with Grant Thornton/Aperture in July 2013. Since then they have received two...
by judith on 05/07/20

clive695 avatar Mortgage after iva

hi i have just finished paying off my IVA can i get a mortgage or do i have to wait till its cleared...
by clive695 on 05/07/20

blair78 avatar Interest on PPI

Hi, I hope some can help me with this. I completed my IVA around 2012 and was then contacted by my...
by blair78 on 05/07/20

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.