WRITE OFF UP TO 80% OF DEBT?
GOVERNMENT BACKED SCHEME
What is an IVA and what can it do to help?
An IVA is an agreement that is made with your creditors to pay off your debts over a set period of time (usually 60 months) and is one option you can use to pay off your debts. It is a formal, legal debt solution. This means it is approved by the court and your creditors have to stick to it.
An IVA is a form of insolvency but it is different from bankruptcy.
An IVA must be set up by a qualified person, called an insolvency practitioner. This will be a lawyer or an accountant. The insolvency practitioner will charge a fee for the IVA.
The insolvency practitioner deals with your creditors throughout the life of the IVA.