An Individual Voluntary Arrangement is a legally binding contract which, by law, can only be arranged and managed by a licensed Insolvency Practitioner (I.P). On your behalf, the I.P will put forward your IVA proposal to your creditors.
The first step in arranging an IVA is to seek professional advice to see if your financial circumstances mean that you are eligible for an IVA. To do so, please speak to one of our professional Individual Voluntary Arrangement advisors on 0800 048 1766. They will go through your personal financial situation and help you to decide if an IVA is the right debt solution for you.
If you are not suitable for an IVA there are alternative debt solutions too, such as a debt management plan.