Personal Bankruptcy UK. An IVA might be a better solution to filing for personal bankruptcy. Free advice & information about individual voluntary arrangements.

What is an Individual Voluntary Arrangement?

Don't make any decision about filing for personal bankruptcy or being made personally bankruptcy by your creditors before you have spoken to one of our insolvency practioners.

An IVA is little known UK government legislation that could help write off a significant amount of your debt. This is done without borrowing more money and without taking on further loans or debt.

Our insolvency advice is free.

How a UK Individual Voluntary Arrangement could help you.

The UK Individual Voluntary Arrangement procedure.

Your debts need to amount to more than £15,000. Most people do not realise how much they owe until they talk to our insolvency practioners. An IVA could write off a large chunk of your debts, freeze the interest and charges on your loans and turn them into one affordable monthly payment based on your personal disposable monthly income.

It is not necessary to take out more debt consolidation loans to achieve this. An Individual Voluntary Arrangement is a government approved formal agreement between you and your creditors that writes off a lot of your debt enabling you to get your personal life back on track. Then at the end of 60 months, you are deemed to be debt free.

An Individual Voluntary Arrangement stops the bailiffs calling, stops harassing telephone calls, stops threatening letters and most importantly, stops persoanl bankruptcy. Why suffer when we could have the solution.

If your debts amount to less than £15,000, depending on your circumstances, a Debt Management Plan might be a better alternative. A DMP can lower your monthly loan repayments and freeze interest on your debt. However, if your debt burden is substantial, (over £15,000), an Individual Voluntary Arrangement may be the best solution.

You may not realise just how much you actually owe.

You don't have to be made bankrupt to become debt free.

Our team of sympathetic insolvency specialists handles all kinds of personal financial situations. It is likely we can help you.

• An Individual Voluntary Arrangement protects you from all your creditors
  
  
• An Individual Voluntary Arrangement lowers your monthly payments to an affordable amount
  
  
• Interest charges on loans are frozen
  
  
• After 60 months you are deemed to be debt free
  
  
• You are free of financial worries
  
  
• You have not been made personally bankrupt

An Individual Voluntary Arrangement is just one affordable monthly payment to your creditors

• An IVA will stop all legal action by your creditors including personal bankruptcy procedures
  
  
• Harassing telephone calls to your home or business and threatening letters will stop
  
  
• Loan interest and charges are frozen
  
  
• Fixed low repayments over 5 years at the end of which your debt is cleared
  
  
• A significant amount of your total debt could be written off
  
  
• Moreover, an Individual Voluntary Arrangement is not advertised nor informed to your employer or landlord

ACT NOW IF

• Your debts amount to more than £15,000
  
  
• You have unsecured loans, finance, credit cards, store cards
  
  
• You are only paying the minimum loan repayments
  
  
• You are just paying interest charges on your loans
  
  
• You are seeking help or a solution to your mounting debt problems
  
  
• You have an earned income in excess of £1000 per month
  
  
• You are not under a current debt management programme