Debt Management Plan | Debt Consolidation Loan | IVA

Individual Voluntary Arrangement

IVA or an Individual Voluntary Arrangement is a formal debt repayment plan. It is a great alternative to bankruptcy. A well designed IVA plan could even end up writing off sums of your debt you owe.

IVA is a legal instrument; it is a legal binding between debtors (you) and creditors (people you owe money to). IVA arrangements are supervised by Licensed Insolvency Practitioners. It is available to individuals, sole traders, partnerships in order to compromise a payment option. IVAs are used mainly to avoid bankruptcy.

IVAs are becoming more and more popular in the UK. Many people who owe money to creditors are finding this the right choice for themselves. If you would like to find out more about IVA read on from the following links. Alternative you can fill out our debt management form to see what options are available for you.

Individual Voluntary Arrangement

Read more on Debt Management Plans