IVA Advice UK
Debt Problems are very common. You are not alone. Over recent years the number of people entering into an Individual Voluntary Arrangement
(IVA) has increased by more than 100%. An IVA is considered to be a good alternative to bankruptcy.
With an IVA you only pay what you can afford for a fixed period, after which any remaining debts are written off (see example below).
Explanation:
Client was suffering with debts of £33,000 and repayments of £600 per month. Clients could only afford £240 per month after all his living expenses were considered. We proposed an IVA to his creditors for £240 for 60 months and client repaid £14,400. This represented just 44% of the clients total debts. After 60 months the clients remaining debt of £18,600 (56%) was legally written off.
The above example is very simple but it does illustrate what happens in an IVA. If you think that an IVA is the right solution for you and would like to speak to someone, simply fill in the form to the right or call our freephone on 0800 043 5 043
REMEMBER: NEVER pay upfront fees for just advice.
Advice should always be free.
Our Purpose - Free IVA Advice and Debt Help
To find out whether an IVA is suitable for you, or to just find out if you actually qualify for an IVA, browse through the pages of our informational website or call our freephone on 0800 043 5 043.
IVA Advice has been put together by a Group of Licensed Insolvency Practitioners who are fully authorised to undertake IVA’s.
All queries, comments or requests for further IVA advice are welcome. Either contact us via our enquiry form to the right or ring our freephone 0800 043 5 043 today.
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