IVA: Individual Voluntary Arrangements

Fri, 05 Oct 2007 07:51:48 +0200

Are you struggling with an unmanageable debt burden? Extra interest eating up all your monthly payments and the debt never reducing? Taking on new debt just to settle other debt?

If you have over £20,000 of unsecured (non-mortgage) debts owed to at least 3 creditors, but can afford to pay at least £300 per month towards them, you can propose an IVA to settle them and clear your debts permanently. Unlike debt management or debt consolidation schemes, once an IVA is approved interest stops and you will be free of debt after 5 years, even if creditors have only had back 25% of their debt.

Look through the questions and answers below to see if an IVA is for you. If I think an IVA is suitable for you I'll tell you. Over 90% of my IVA proposals are approved by creditors.

If, after browsing this site, you want to discuss things further, call me on 0800 1953605 (direct line) entirely without charge or obligation. An initial consultation to determine your suitability is always free and without obligation. I charge no upfront deposit for commencing work on your behalf, and get paid from the monthly contributions going into the arrangement. Creditors allow for this when considering IVA proposals.

As a sole insolvency practitioner without expensive staff or offices, I specialise in offering a cost effective solution to debt problems through IVAs for consumer debt cases and the smaller business sector. I am happy to take on clients anywhere in England, Wales and Northern Ireland.

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IVA: Individual Voluntary Arrangements