If you enter an IVA (Individual Voluntary Arrangement) there are some implications you need to be aware of. An IVA could certainly help you avoid bankruptcy, but it is a legally binding agreement so you should seek professional debt help first to make sure it’s the best debt solution for you.
That’s why you should call Debt Free Direct for expert, impartial advice. We’ll explain exactly what’s involved in an IVA and will also talk you through other debt solutions which may also be available to you.
Call us free on 0800 083 1433 to find out more.
A better alternative to bankruptcy
Bankruptcy should always be seen as a last resort, so if an IVA is an option, it is more preferable. With an IVA your assets won’t be at risk, as long as you meet the repayments on your IVA over the five year period. An IVA will also only appear on your credit history for just 12 months after its completion. Call us to find out more about the other implications of an IVA.
The best debt advice
If you are in serious debt, an IVA can be an effective debt solution to clearing all your debts. But talk to us to see whether Debt Management, Debt Consolidation or another debt solution could also be relevant to you. With Debt Free Direct you can rely on unbiased advice that firmly puts your best interests first.
Call us free on 0800 083 1433 Our phone lines are open 8:00 am and 9:00 pm Monday to Friday, or 9:00 am and 5:00 pm on Saturday and 10:00 am to 4:00 pm on Sunday. You can call free for an initial chat about your own debt situation.
