IVAs
IVA's
IVA's
What's an IVA? It's a legally binding agreement between a debtor and their creditors. If you're in debt, it's an opportunity to reorganize your financial affairs to everyone's satisfaction - and get some relief from the stress, too.
Get an IVA and interest on debts is frozen. You can then make a proposal to your creditors about repaying some or all of your debts over a set time. The good thing about IVAs is that they're individually tailored. The IVA enables you to make a proposal to your creditors to pay a proportion of your debt in satisfaction of the whole, and gives you time to make these payments, usually 60 months.
We're licensed Insolvency Practitioners, so can accept appointments as Nominees and Supervisors of IVAs.
You can enter into an IVA even if you've already been made bankrupt. If you're self-employed and your business is viable, you can continue to trade.
Please see IVA R3 Leaflet here.
Please see IVA Guide to Fees here.
