Individual Voluntary Arrangement (IVA)
A Government Debt Solution
An IVA or Individual Voluntary Arrangement could be the right Debt Solution for you. For free iva advice contact our free phone helpline if you live anywhere in the UK. Or make an appointment to see one of our advisors at our Advice Centre in Leeds or surrounding district.
Whatever your level of debt, where suitable an IVA can bring down your repayments, freeze interest, end hassle from people chasing money, and get you debt free in only sixty months.
Our insolvency practitioner will prepare, negotiate and administer an individual voluntary arrangement for you to voluntarily repay your creditors. This may be done by using your spare income, a lump sum or other assets that you own.
If you have surplus income after meeting your essential household and personal expenses or have assets that can be used to pay your creditors or have access to a lump sum, for example from a relative, you may then consider entering into an Individual Voluntary Arrangement (IVA).
Doing this will:
- protect you from recovery action that your unsecured creditors may take
- usually involve your creditors writing off part of what you owe them
- freeze interest
- enable you to make one affordable monthly payment
A proposal for an IVA will only be approved where enough creditors vote in favour.
Our Insolvency Practitioner will supervise your IVA and he is licensed and regulated under insolvency law as an insolvency practitioner.
We do not charge any up front fees. In the event that an IVA is approved, the fees we charge for preparing, negotiating and administering your IVA are agreed with creditors and paid out of funds that you pay into the IVA that would otherwise be available to them. There are no hidden costs.
Call today to see if you qualify. Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Debt Advice Helpline Leeds on phone 0113 237 9503. Or call today to book a face to face meeting with one of our advisors.
