An IVA (Individual Voluntary Arrangement) is a form of insolvency that may be suitable for people who: Have an unmanageable level of unsecured debt that they can’t afford to repay, but… Can commit to making regular reduced payments for – in most cases – 5 years. Please note that...

If you are finding it impossible to repay your debts, you might have thought of entering an IVA (Individual Voluntary Arrangement) or bankruptcy… but which one should you choose? Well, it depends on your circumstances. In short, if you are struggling with an unmanageable level of debt that you can’t...

If you are struggling with an unmanageable level of unsecured debt that you can’t afford to repay within a reasonable period of time – but that you can commit to making regular reduced payments towards – an IVA (Individual Voluntary Arrangement) could be the most suitable solution to your...

If you are on an IVA (Individual Voluntary Arrangement) and you can’t afford your monthly payments, you should contact your IP (Insolvency Practitioner) immediately. You will need to tell them that the repayments are too high, and you simply can’t afford them. Depending on your situation, they...

If you have entered an IVA (Individual Voluntary Arrangement) to help you clear your unmanageable debt, and you receive a pay rise during the course of your agreement… what will happen? Well, in simple terms, you will still need to pay as much as you can towards your IVA. The only difference is, this...

If you are struggling with an unmanageable level of unsecured debt that you don’t think you’ll be able to repay, but that you can commit to making reduced monthly payments towards, an IVA (Individual Voluntary Arrangement) could help. An IVA is a legally binding debt solution – a formal...

If you can’t afford your unsecured debt repayments as they stand and don’t think you’ll be able to repay everything you owe, an IVA (Individual Voluntary Arrangement) may be right for you. Providing you can commit to making regular reduced payments for the duration of the agreement (usually...

An IVA (Individual Voluntary Arrangement), as you may be aware, is a formal agreement between you and your unsecured creditors in which you are required to repay as much of your debt as you can afford. An IVA will last for – in most cases – five years. But what actually happens once you have made...

An IVA (Individual Voluntary Arrangement) is a way of making unmanageable debts manageable again. It’s a formal agreement between you and your lenders in which you’ll repay as much of your unsecured debt as you can afford over a set period of time (usually five years), after which your lenders...

You may be wondering which debt solution is better – bankruptcy, or an IVA (Individual Voluntary Arrangement). Well, the truth is, neither debt solution is ‘better’ than the other. They are both designed to do the same thing – help people get out of debt – but they do it in...