Individual Voluntary Arrangement * write off debt * an Individual Voluntary Arrangement can write off debt * IVA advice by insolvency practitioners * If you qualify for an IVA, you could use it to write off a high percentage of your debts

What is an Individual Voluntary Arrangement?

How a UK Individual Voluntary Arrangement may help you.

The Individual Voluntary Arrangement procedure.

If you owe more than £15,000, you could write off quite a large amount of your debts, freeze the interest and charges on your debts and make one easily affordable monthly payment based on your disposable income.

You don't have to take out another loan in order to achieve this! An Individual Voluntary Arrangement is a government approved formal agreement between you and your creditors that writes off a fair proportion of your debt enabling you to get your life back on track. After five years, you are considered to be debt free.

An Individual Voluntary Arrangement protects you from bailiffs calling at your home, harassing telephone calls from debt collection agencies, threatening letters and bankruptcy. Why suffer when we may have the solution to your debt worries.

If you owe less than £15,000, depending on your circumstances, a Debt Management Plan could be the solution. A DMP can reduce your monthly payments and freeze interest on your debt. But if your debt is substantial, (over £15,000), an Individual Voluntary Arrangement may be the solution. Take the trouble to sit down and work out exactly how much you owe. Most people don't realise how bad their debt problems really are.

• An Individual Voluntary Arrangement will protect you from your creditors contacting you
  
  
• An Individual Voluntary Arrangement reduces your monthly payments to one affordable sum
  
  
• Interest charges on loans are frozen
  
  
• After 5 years you are deemed to be totally debt free
  
  
• You are free of financial stress

Our panel of experienced insolvency practioners handle all kinds of personal financial situations. It is most likely we can help you.

An Individual Voluntary Arrangement is a government approved formal arrangement which is agreed with your creditors to pay a fixed affordable monthly payment over 5 years after which the total amount of your debt is written off. It is just one affordable monthly payment to your creditors

• An IVA will stop all legal action by your creditors including bankruptcy procedures
  
  
• Embarrassing telephone calls and threatening letters will stop
  
  
• Interest and charges are frozen
  
  
• Fixed low repayments over 5 years at the end of which your debt is cleared
  
  
• Up to 75% of your total debt may be written off
  
  
• And an Individual Voluntary Arrangement is not advertised nor notified to your employer or landlord

ACT NOW IF

• You owe more than £15,000 (do your sums)
  
  
• You have unsecured credit, car loans, credit cards, store cards
  
  
• You are only managing to pay the minimum repayments
  
  
• You are only just paying interest charges
  
  
• You are seeking help or a solution to your debt problems
  
  
• You have an income in excess of £1000 per month
  
  
• You are not currently under a debt management programme

An Individual Voluntary Arrangement may be your lifeline to a new stress free life.