IVA Calculator - Do I qualify?

  • Write off 75% debts
  • From £80 a month
  • No setup fees ***

5 star IVA.co.uk's review on Trustpilot

£

Fixed Charge IVA Glossary

What is Fixed Charge?

A fixed charge is a form of security granted over specific assets, preventing the debtor dealing with those assets without the consent of the secured creditor. It gives the secured creditor a first claim on the proceeds of sale, and the creditor can usually appoint a receiver to realise the assets in the event of default.

(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

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.