How do I know an IVA is right for me?

 

If you are struggling to repay your debts and do not want to go bankrupt then an IVA may be an appropriate solution for you.

Anyone with unsecured debts of over £20,000 and a stable disposable income of at least £250 per month could benefit from doing an IVA

If a bankruptcy petition has been presented against you it may be possible to obtain an Interim Order to halt proceedings whilst an IVA proposal is put together

If you have been made bankrupt it is still possible to propose an IVA and get the bankruptcy order annulled (i.e. cancelled) and all record of it completely erased from your credit file

IVA’s are available to individuals residing in England, Wales or Northern Ireland.

We would need discuss your particular circumstances to see if an IVA would provide you with the solution you are looking for.

Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone.  Call the Leeds Debt Advice Helpline on free phone 0800 169 1536

 
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IVA - Questions Answered

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