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Individual Voluntary Arrangement (IVA)

Clear your debt

"I have been speaking with a practitioner regarding how my business has changed since Covid. I’ve been given lots of practical advice and options/scenarios and now feel that I have a way forward and not stuck in a hole that keeps getting bigger and bigger. I’d recommend getting in touch if you are like me worried about the future."
- Director of a Limited Company

Clear your debt with an Individual Voluntary Arrangement (IVA)

Are you missing payments? Receiving phone calls and letters demanding payment? An Individual Voluntary Arrangement, or IVA, can help you regain control of your finances and pay off your debt in a way that is manageable for you. This applies to those with personal debt as well as sole-traders or those who are self-employed.

An IVA is a legally binding agreement between you and your creditors. As part of this agreement, creditors agree to accept a monthly, affordable payment towards your debts. This typically lasts for 5 years during which time, as long as payments are made, creditors cannot take any further action against you.

Get in touch to find out more about IVAs or to book your complimentary, no-obligation, fully confidential consultation with our experts.

We can help you decide, call now for your free business options analysis

Call us today

We can help you decide, call now for your free business options analysis

Call us today

What are the benefits of an IVA?

Text needed – current TIC site is incorrect

How does an IVA work?

  • You meet with us to discuss your circumstances.
  • We draft a proposal which we send to your creditors.
  • Your creditors will hold a meeting to vote on whether to accept or reject the proposal.
  • We liaise between you and your creditors to put the IVA in place.
  • You no longer receive phone calls or letters from creditors.
  • We prepare an annual review of your circumstances which we send to you and your creditors.
  • We let you know when your IVA has been completed.
  • You get back to living your life, debt-free.