IVA Debt Advice

The Individual Voluntary Arrangement (IVA) was introduced under The Insolvency Act 1986 as an alternative to bankruptcy. It is characterised as a negotiated debt reduction solution because the creditors agree to write off a percentage of the debt owed to them as part of the arrangement.

Key Facts About IVA Debt Advice

An IVA is an agreement between the debtor and his/her creditors (people they owe money to) to pay all or part of their debts.
Individual Voluntary Arrangement (IVA)

The Features of an IVA

Store cards

Catalogues

Credit cards

Personal Loans

Overdrafts

The Benefits & Implications For The Debtor in an IVA

The Benefits & Implications for the Debtor

The Responsibilities Of the Debtor

Debt Management Help