Individual Voluntary Arrangement Information

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After An IVA

An alternative solution to bankruptcy.

Learn more about an IVA here
and from our debt advisors.

  • Control you debt in 5 years
  • No obligation debt advice
  • Call us in confidence today

What Happens After An IVA or Individual Voluntary Arrangement?

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If you owe more than £12,000 an IVA can be an effective debt solution to help you address your debts.

Talk to Debt Free Direct first to ensure you get all the debt help you need. We’ll give you confidential, specialist advice about all the debt solutions which may be available to you, and whether an IVA is right for you.

How to Reduce your Repayments
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An IVA involves making lower monthly repayments over five years at levels you can afford, with your creditors agreeing to write off the debts you can’t afford to pay.

After the five year period, as long as you’ve met your monthly repayments, all outstanding debts will be written off.

Talk to us to find out more, call 0800 083 1433.

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Beat The Debt Through An IVA

An IVA can help you avoid bankruptcy, but it all depends on your creditors agreeing to the proposal prepared by your IVA provider, after all, your creditors are going to be asked to write off part of your debts and will only do this if they agree to the terms set out in your IVA proposal.

That’s why it’s so important that you deal with a reputable company.

Managing Your Monthly Repayments

You or your partner needs to be in regular employment to qualify for an IVA and to show that you can manage the lower level of repayments.

If an IVA isn’t suitable for you, we’ll also give you debt advice about other debt solutions such as Debt Management or Debt Consolidation. All you have to do is call us.

Call us now on 0800 083 1433.

Calls from mobiles and other networks to 0800 numbers may incur a charge. When you speak to us, ask us to call you back so that you do not have to pay for the call.

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  2. Bankruptcy FAQ’s
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