IVA - Government Debt Help

You may have heard about Individual Voluntary Arrangement as being part of Government legislation. This is true, IVAs were introduced through the Insolvency Act of 1986 as a way for insolvent debtors to avoid bankruptcy.

This type of IVA Government debt help could be an option for you if you have unsecured debts over £12,000 with three or more creditors.

IVAs are not suitable for everyone and you will have to fit the IVA criteria, so please call our IVA advisors on 0800 048 1766 if you want to know more about whether you are suitable for IVA Government debt help.

How Will an IVA Offer Me Government Debt Help?

An Individual Voluntary Arrangement (IVA) is a legally binding agreement between the debtor and their unsecured lenders. It can offer debt help by allowing you to make reduced monthly payments to your creditors for an average period of 60 months and, on successful completion of the IVA, any unpaid debt is written off.

This offers you IVA debt help in another way too; by reducing the amount that you need to pay towards your unsecured debt, you should have additional funds which will make your secured debt, such as your mortgage payment, much more affordable.

IndividualVoluntaryArrangement.co.uk can offer you advice on the range of debt solutions. For further advice about your debts, or to find out more about the IVA Government debt help, talk to our IVA experts on {Phone Number].