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The Insolvency Act 1986 |
IVA (Individual Voluntary Arrangement) was introduced by the Insolvency Act of 1986 and is effectively an alternative to bankruptcy.
An IVA allows a person with substantial debts to make a formal proposal to their creditors. If the proposal is accepted by the creditors the IVA becomes a legally binding contract.
Once an offer is accepted monthly payment are arranged based on what the debtor is able to reasonably afford and is normally spread over five years.
In many cases the debts can be reduced by up to 75%
If the debtor adheres to the terms of the IVA the debt is cleared at the end of the arranged term. |
| All information submitted is confidential |
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Clear credit card debts and freeze all interest. |
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Save your home and reduce monthly payments. |
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Put a stop to the endless upsetting harassing phone calls from debt collectors. |
Contact |
Your only point of contact in the future will be your liaison officer, you will no longer have to deal with your creditors. |
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Your appointed liaison officer will deal with all documentation and negotiations on your behalf. |
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Your monthly payments can be significantly reduced and replaced with one simple affordable monthly payment. |
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Freeze intrest and reduce payments on unsecured loans. |
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