IVA Application

IVA Application Form online

Please complete the on-line IVA Application form by CLICKING HERE. In order that we may begin assisting you with your enquiry please fill out our on-line IVA application form. This form enable us to begin dealing with your case and also allows us decide at an early stage whether we can help you.

Please note that even if we are able to assist you, you are under no obligation to continue your IVA application form. You will be contacted within 48 hours of you submitting your on-line IVA application form.

Fill the IVA application with information that is as accurate as possible and one of the IVA support unit will call you to let you know what your debt options are and what you can expect in terms of repayments, writing off debt, and other issues relating to the IVA.

IVA documentation
This is a list of the documentation usually required when proposing an IVA. Obviously, this will be in addition any information form you will complete.
Property Valuation
Or if not, sales particulars of similar properties for sale in the same street or local area (from estate agents or newspapers).
List if debts
Please provide a list of debts. To apply for an IVA you should owe more than £17,000. If you owe less than this amount you can still complete our IVA application. This is because your case my be borderline and can still be considered by the creditors.
Mortgage Statement
Issued annually, usually following December 31st or March 31st.
Endowment Policy Surrender Value
Telephone insurance company and ask for confirmation of current surrender value of the policy (verbal followed by written).
Car Finance / HP Agreement
Original agreement (or a copy) and any recent letters.
Salary / Wage Payment Advices
At least three months payslips (ideally consecutive) for yourself and your spouse (even if the spouse is not liable for any debts)
Creditor Statements / Letters
A statement or letter that shows the amount currently owed to each creditor and your current account/reference number with them. If the latest amount is on a solicitors/collector's letter, it would be helpful to also have an older letter directly from the creditor to ensure that the reference number is correct. (N.B. collectors usually use their own reference numbers).
Reasons for Financial Difficulties
A personal history (in as much detail as possible) that explains the setbacks you have encountered leading to your present financial position.
Debt escalation may be the main/sole reason but there is no doubt that creditors can relate more readily to identifiable reasons such as illness, unemployment, loss of spouse's income, etc. This explanation may be as imprtant in encouraging your creditors to accept your repayment Proposal as the amount that they will receive.
IVA Application Forms
Fill the IVA application with information that is as accurate as possible and a member of the IVA advice unit will call you to let you know what your options are and what you can expect in terms of repayments and legal matters relating to the IVA. If you wish to have more time to collate your financial information, simply download our easy to use questionnaire (see below).

Gather the information to complete the form and post it to us at:
Money Advice Direct
National Administration Centre
788-790 Finchley Road
London NW11 7TJ
or email them to: info@insolvencyhelpline.co.uk

One of our advisors will then contact you within 24 hours to discuss the options available to you. Remember, all discussions are free and with no obligation.

Please click on one of the icons below to download the document in either Adobe Acrobat PDF format (preferred method) or Microsoft Word.

Fast track forms for download in PDF and Word formats.

Click Here to download IVA Questionnaire (83Kb) in PDF* format (preferred method)
Click here to download IVA Questionnaire (549Kb) in MS Word DOC format
*If you require the Adobe PDF Reader Click Here

IVA Application – WARNING !!!!!!!!!!!

Watch out for debt advice companies who promise to sort out your debts upon payment of a fee. Confidential debt advice is just as easily available; always look out for trusted companies that can offer a range of advice on IVA’s debt solutions and also bankruptcy and loans. Its also important to find debt advice that is unaffiliated and unbiased, that way you know they have your interest at heart.

If you have decided to consider an IVA as the debt solution to suit your debt needs then please complete an IVA or debt advice application online, If you complete our IVA application to sort your debts it will be completely without obligation.

Why do an IVA Application?

An IVA Reduces & stops interest
You only make one affordable payment.
Unlike Bankruptcy, an IVA does not statutorily restrict a debtor from obtaining credit, although the proposal might do.
An IVA Reduce payments by 75%
The biggest advantage to an IVA over Bankruptcy is the control the debtor has over their home. In bankruptcy, the debtor's assets will vest in the Trustee (some assets are excluded, notably those used as tools of trade, ordinary household contents and a modest motor vehicle). This will usually include equity in their property and the Trustee may force its sale. An IVA proposal may exclude the property altogether, propose a re-mortgage or offer income based contributions for a longer period in lieu of the debtor's equitable interest in the property. The Supervisor may register a restriction on the property to ensure that his or her consent is required before the property is, for example, sold or re-mortgaged.
If you do an IVA then all debt collection calls will stop
A major advantage of an IVA over debt management arrangements is that all unsecured creditors are bound by it once it has been agreed: even if they did not agree to the IVA at the meeting of creditors. As only those creditors who vote at the meeting are counted, those creditors who did not vote at all are still bound by the decision, as are those who voted against it if they are outvoted (see above). Creditors bound by the IVA cannot take enforcement action to recover the debt, but instead submit a claim in the IVA and are paid by the Supervisor.
An IVA is a fully legal government scheme guaranteed to get you debt free

Best Advice on your IVA Application

At Money Advice Direct we will advise you on proceeding with an IVA only if it is shown to be the best course of action for you to take. A specialist IVA adviser will first look carefully at your individual situation and decide if an IVA is the best course of action for you. If for example, they are only likely to get a small return such as 5p in every £ you owe them then they will probably decide to reject your IVA application, if this is the case then there are other options to deal with the debts such as Debt Management or Bankruptcy.

To contact an IVA advisor call 0800 074 6918. Alternatively complete an online IVA application enquiry form and an advisor will call you back at the time that you specify.

IVA Knowledge Base Menu

ENQUIRY FORM

Name

House Name or No.

Postcode

Email address

Telephone

Mobile

Best time to call

Amount of debt

Employment Status

Are you a home owner?
Yes | No

Other Info

I accept the privacy policy:

We will get back to you soon!

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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IVA Application

IVA Application Form online

Fast track forms for download in PDF and Word formats.

Why do an IVA Application?

Best Advice on your IVA Application

IVA Knowledge Base Menu

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