Expert IVA help and IVA services

If you owe money to creditors, and are desperately struggling to meet the repayments, The IVA Service can provide tailored IVA help in order for you to:

• Be free of unsecured debt within a set timescale
• Freeze the interest on your debt
• Write off an element of your debts subject to creditor agreement
• Avoid bankruptcy and the restrictions it imposes
• End harassment from creditors
• Restructure your family and business finances, without the worry of creditors chasing you

We are insolvency practitioners who specialise in providing debt solutions to consumers and business owners – and have a wide expertise in the area of Individual Voluntary Arrangements (“IVAs”). We are also able to offer assistance with bankruptcy proceedings, guidance towards informal debt management solutions and Protected Trust Deeds in Scotland.

IVA services to help you with your debt

The term IVA stands for “Individual Voluntary Arrangement” and is a legal and contractual method of resolving debts whilst avoiding some of the consequences of bankruptcy. An IVA acts as a legal contract between you and your creditors, enabling you to reduce your repayments to an affordable level and clear them over a fixed and agreed period of time.

Another benefit of an IVA is that it offers protection from the collections actions of creditors. Your home will not be at risk (provided that you abide by the IVA agreement) and your job should not be affected (subject to any employer or regulatory requirements).

IVA help tailored to your situation

Use our IVA service to bring all your various debts into one manageable monthly payment, which you can afford to pay, allowing you enough money to cover all of your necessary household and personal expenditure. The term of the IVA will generally be five years, although the timescale will be dictated by your own specific circumstances. At the end of the IVA, any remaining unsecured debt is legally written off by your creditors, leaving you free of unsecured debt and anxiety. An IVA can in fact write off up to 90% of your debts subject to your circumstances.

Our experience is crucial to the IVA service we provide. With the expertise and knowledge which comes with having arranged such a vast number of IVAs, we know the amounts creditors are likely to accept. Not only can we provide expert IVA help and assistance, but we are also in a position to advise you as to whether an IVA is the best course of action for you to take, or if another debt management solution would be a more appropriate measure.

For expert IVA services please do not hesitate to call us on 029 2034 6536 or email iva@iva-service.co.uk. Take advantage of our knowledge and access meaningful IVA help that can remove your debt worries.

IVA Key Facts

If you start an IVA then fees will apply. Click our IVA costs page for further details about IVA fees and the work that is conducted by IVA companies.

Your ability to obtain further credit will be affected by an IVA. It is important to understand that all debt solutions are likely to result in damage to your credit rating. This can cause difficulties in obtaining credit in the short term and there is some likelihood that such difficulties may continue in the medium to long term.

Other sources of debt advice exist. Click here to visit the citizens advice bureau, or visit our other debt soultions page for further details.

The Insolvency Service produces a guide to personal debt solutions which explains the various debt solution options. You can read it here: In Debt? Dealing With Your Creditors.

Warning if your IVA fails: As a significant amount of your payments into an IVA are taken first to meet your Insolvency Practitioner’s fees, if your IVA fails you will remain liable for the balance of your debt and any Insolvency Practitioner fees and costs already incurred.