What are the implications of an IVA?

Although an Individual Voluntary Arrangement (IVA) can offer you a number of benefits, it is important that you consider any IVA implications which may apply. These include:

  • Three quarters of your creditors, by debt level, must agree to the IVA before it is approved.
  • It is a five year agreement.
  • Debt level must be at least £12,000.
  • Failure to make payments could lead to bankruptcy. 
  • You may have to remortgage to release equity in your home.

Our team of specalise IVA advisors are able to offer you personal IVA help and can answer any questions which you have have about the IVA process.



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