Who can an IVA help?
An IVA can help people with debt problems...
An IVA can help anyone who is experiencing debt problems - particularly those who own property which they would risk losing if they were to be made bankrupt.
An IVA might benefit you if:
- You owe money to people or companies that will not agree to an informal debt management arrangement
- You have already tried an informal arrangement, but it has failed.
- You owe money to so many creditors that an informal debt management arrangement would be impractical
- You are facing possible bankruptcy, or you have already been made bankrupt and you want to reverse the situation
Other benefits of an IVA
- You may well be running a small business which would be difficult to keep going if you were bankrupt.
- You may be a profession where you could lose your job if you go bankrupt such as accountancy/police/armed forces.
- You may have access to a large lump sum and want a formal arrangement with your creditors to accept the lump sum and write off the rest of the debts.
- You may have a very high monthly available income to make payments.
- You will not automatically lose your house or other assets which can be kept out of the IVA with the agreement of the IP and your creditors, although the creditors will usually want most of the equity in your house. See the section on "Disadvantages of an IVA".
- You will not have the same restrictions on you as you would if you went bankrupt, e.g. you can still use your bank account without saying you have an IVA.
Expert IVA advice from Money Advice Direct
If you would like IVA advice or simply to discuss the IVA process in greater detail, please telephone freephone: 0800 074 6918.
If you are unsure as to whether an Individual Voluntary Arrangement - IVA is the best way to solve your debt problems please call us on 0800 074 6918
If you wish to discuss the Individual Voluntary Arrangement - IVA procedure and understand how it can help you please complete the following form or telephone freephone 0800 074 6918.
IVA Menu
- IVA (Individual Voluntary Arrangement) Overview
- Starting an IVA
- IVA Monthly Payment
- IVA Pros and Cons
- IVA FAQs - Frequently Asked Questions
- Starting an IVA
- The IVA procedure
- What is an IVA?
- IVA Enquiry Form
- How to start an IVA
- Who can an IVA help?
- IVA's - Facts & how they work
- Benefits and Advantages of an IVA
- Who can an IVA help?
- IVA - Help and information
- How an IVA works
- IVA - Estimated timescale
- The IVA approval process
- The IVA criteria
- Bankruptcy or IVA
- IVA - What are the costs involved?
- IVA - The documentation required
- IVA - Download forms
- Sample IVA proposals for PAYE worker
- IVA - Guide to creditors Fees
- IVA - Standard Terms & Conditions
- Individual Insolvency Register
- IVA
- IVA lifestyle
- Debt free after an IVA
- Is my home protected in an IVA?
- Chances of IVA rejection
- Keeping my car
- Credit rating after an IVA
- Credit report and the IVA
- Professional accreditation in an IVA
- IVA conclusion
- IVAs and meetings
- Change in circumstances whilst in an IVA
- IVA benefits for creditors
- Failed IVA payments
- IVA Case Studies
- Benefits of an IVA
- Implications of an IVA
- After an IVA - the end of an IVA
- IVA Help
- Best Debt Solution
- Proposed changes to individual voluntary arrangements (IVAs)
- What happens after an IVA fails?
- IVA Guide Centre
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]