An Individual Voluntary Arrangement could clear unaffordable debt...

Whilst there is no easy solution to debt, an Individual Voluntary Arrangement could be the answer if you have serious levels of debt and are struggling to make payments to your unsecured creditors.

An Individual Voluntary Arrangement (IVA) could not only legally write off a proportion of your debt, but your IVSA payments will be set at a level which you can realistically afford, thus reducing your level of financial stress.

Am I suitable for an Individual Voluntary Arrangement?

An individual voluntary arrangement is a very complex legal procedure and your eligibility cannot be determined by a selection of basic questions. But if you can answer 'Yes' to the general statements below, then please get in touch and you can start to put an end to your debt worries:

• My Debts are over £12,000.
• Spread over three or more unsecured creditors.
• And I can no longer afford my minimum payments.

If the above sound like your financial situation, then the chances are that you qualify for an individual voluntary arrangement.

An individual voluntary arrangement is the most effective way to write off debt without going bankrupt. It was introduced in 1986 by the Government as viable alternative to bankruptcy.

If your financial circumstances do not qualify you for an individual voluntary arrangement then we can also talk you through a selection of other potential debt solutions.

What is the Individual Voluntary Arrangement process?

An Individual Voluntary Arrangement is a less drastic debt solution than going bankrupt, but it is still a very serious decision to make. Therefore you must make sure that you take specialist advice before committing to an IVA.

You will be assigned an Insolvency Practitioner who will put your IVA proposal to your creditors. If this is approved then all interest and other charges on your debts are stopped. All you need to do is make one monthly payment to us which will be distributed fairly between your creditors.

Upon completion of your Individual Voluntary Arrangement - which has a typical 60 months repayment term – any unpaid debt will be legally written off as part of the IVA agreement.

Remember that upon completion of your IVA you will be debt free and can make a fresh start, so call IndividualVoluntaryArrangement.co.uk today on 0800 048 1766.