Individual Voluntary Arrangement
We can help you avoid bankruptcy by applying for an individual voluntary arrangement (IVA) – even if you are already bankrupt. This is a legally binding way of becoming debt free.
We create a tailored proposal to your creditors to meet your needs. We agree repayments that suit you, and the creditors, plus no one can ever ask for any more money from you in respect of those debts.
Most importantly, once the agreement is made, interest ceases to accrue and all legal recovery procedures cease- this does not happen with a debt consolidation arrangement.