Implications Of An IVA

An IVA (Individual Voluntary Arrangement) can help you avoid many of the major implications of bankruptcy, but there are still some important considerations. For full details why not call us for FREE.
We can provide you with expert, honest and impartial advice about IVAs and other debt solutions.

Alternative To Bankruptcy

With Bankruptcy, the financial implications can be very far-reaching and long lasting. For instance, with bankruptcy you could lose your home. While this won’t happen with an IVA, it’s important to get advice from someone who will help you decide the best solution for you based on your situation while weighing up all the pros and cons.

What an IVA involves

Your IVA provider takes a close look at your financial situation and, with your agreement, an offer is then made to your creditors where you promise to pay back an affordable amount each month for five years. An IVA is a legally binding agreement between you and your creditors. As long as you keep up your repayments after five years your creditors will write off the rest of the debt you can’t afford to repay.

If you are worried about your debts to find out how best
we can help you contact one of our advisors on 0808 222 1020
or fill in the form opposite.