Individual Voluntary
Arrangement
Many people have never heard of an Individual Voluntary Arrangement (IVA). Yet these are incredibly useful for those having too much debt.

Who is an IVA suitable for? What are the risks of an IVA?
Advantages of an IVA What is an IVA and How Does it Work
The Documentation You Need When Filing An IVA How Much Does an IVA Cost and How Long Does it Take?
Can Utility Bills Be Added To An IVA?
There are some criteria:

However, they are not for everyone.

  • Your debt amount, in total, needs to be more than £15,000.
  • You have 3 or more companies that you owe money to.
  • You have a regular income
    		•  
    If you normally have these 3 things, then an IVA might be for you.
    What happens in an IVA is that the creditors all agree to write off part of the debt and accept instead either a fixed sum now, or a fixed monthly payment for a number of years until the agreed proportion of the debt has been paid off.
    Name:
    		 Employment:
    Address inc Postcode:
    		 Debts:
    Telephone:
    		 Creditors:
    Contact Time:
    		 Estimated Monthly Income:
    Marital Status :
    		 Estimated Monthly Expenditure:
    Homeowner: