Bankruptcy UK IVA. An Individual Voluntary Arrangement is an alternative to bankruptcy. It is a UK government approved scheme that could write off a lot of your debts.

If your creditors are threatening you with bankruptcy, there are solutions to being made bankrupt.

An IVA is a formal agreement made between you and your creditors. So what is an Individual Voluntary Arrangement?

If your debts are in excess of £15,000 an Individual Voluntary Arrangement may be the answer to your debt problems. If your debts are less than £15,000 there may be other debt solutions.

You are not alone. Thousands of UK residents are facing bankruptcy. Higher interest rates, difficult trading conditions, credit card repayments and cash flow all lead to debt problems. However, there are genuine alternatives to bankruptcy that could help you write off a large proportion of your debts.

An Individual Voluntary Arrangement is sometimes an excellent alternative to filing for bankruptcy and is a government approved scheme.

Our panel of insolvency practitioners will negotiate with your creditors on your behalf to protect you from being made bankrupt.

Depending on your circumstances, an Individual Voluntary Arrangement can be used to write off a significant part of your debts, reduce your payments to one affordable monthly payment and freeze the interest on your debts.

An IVA is not another loan so you will not be adding to the burden of your other loans. You simply pay what you can afford as agreed by your creditors and the rest of your debts are written off. Isn't that better that being made bankrupt?

You simply pay one fixed reduced monthly payment to clear all the debts over a 60 month period.

• An Individual Voluntary Arrangement stops the harassment calls and threatening letters stop
  
  
• Your creditors are unable to make your bankrupt
  
  
• An IVA means you will have one easy and more affordable monthly payment based on your disposable income
  
  
• Providing you continue to make your payments, you cannot be made bankrupt
  
  
• The interest on all your debts will be frozen for the duration of your IVA
  
  
• An Individual Voluntary Arrangement relieves you of the burden of debt and after five years you will be totally debt free

Our panel of insolvency practitioners could help you sort your money problems out and give you peace of mind.

To qualify for one of our Individual Voluntary Arrangement programmes you need

• You must have more than £15,000 of debts
  
  
• If you have less than £15,000 of debts there may be other solutions
  
  
• You must have more than one unsecured loan (including credit cards)
  
  
• You must be unable to meet your current payments
  
  
• You are falling deeper into debt and behind with your payments
  
  
• Re-mortgaging your home is not a solution
  
  
• You must have a monthly income in excess of £1,000 per month

If you fit the above criteria, one of our Individual Voluntary Arrangement programmes could be the answer to your debt problems.

The following people can qualify for an Individual Voluntary Arrangement?

• Private individuals
  
  
• Partners
  
  
• Sole business traders

What happens when you are placed under an Individual Voluntary Arrangement

• You have one fixed reduced more affordable monthly payment based on your disposable income
  
  
• After five years you will be counted as debt free
  
  
• You are protected from being made bankrupt
  
  
• All legal and harassment action from your creditors ceases
  
  
• Menacing telephone calls, visits from bailiffs and harassment letters stop
  
  
• All interest and charges on your loans are frozen
  
  
• Depending on your circumstances, up to 75% of your debts could be written off

Our sympathetic insolvency practioners will discuss all your money problems totally FREE of charge.

If:

1. You want to lower your monthly debt repayments
   
   
2. You want to reduce your debts
   
   
3. You want to get you personal life back on course
   
   
4. You want the heartache and worry of debt to disappear
   
   
5. Plus you want it to happen now!

Complete our simple online form - without obligation and without delay.