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

Wespnest avatar Switching banks

Hi all I'm currently at the beginning of starting my iva process. Was advised to switch my bank...
by Wespnest on 15/11/19

christine737 avatar Curtis Faraday anyone?

Do you have any reviews for curtis faraday? We cannot find many and unsure if to proceed with an iva...
by christine737 on 15/11/19

joseph635 avatar How are Snap On tools dealt with in an IVA

Can snapon tools be taken off me in an iva????
by joseph635 on 15/11/19

melanie734 avatar Di I have to sign an RX1 form?

My husband and I have been married for one year, cohabiting for 18 months. He had debts in excess of...
by melanie734 on 15/11/19

mich283 avatar Once sold - will all equity go to iva?

we are about to enter an IVA. we owe £60k our mortgage ends in 4 years so we will have to sell the...
by mich283 on 15/11/19

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.