You can transform your life with an IVA...

If you are having debt problems, if your outgoings are more than your incomings, or if you're being threatened with legal action from your creditors - rest assured you are not on your own.

Debt is a fact of life for many people and once you have serious levels of debt it can be increasingly hard to escape.

Although there is no simple solution to tackling your debt, the sooner you take action then the quicker you can get on with your life.

Dependent on your circumstances then there are a number of debt solutions available. One such solution, an individual voluntary arrangement – or IVA – is the most effective way to write off debt without heading towards bankruptcy.

Is an IVA for me?

If you have debts over £15,000 and have more than three creditors, then you could qualify for an IVA.

An IVA is a debt solution that originating from legal legislation introduced by the Government to give a practical alternative to bankruptcy. If your creditors approve your IVA, then it allows you to make payments you can realistically afford for a set period. Upon completion of the agreed period – the remaining debt after a set period is legally written off.

So, upon finishing your IVA you will be debt free and able to make a fresh start.

How do I arrange an IVA?

Although an IVA is a less drastic alternative to declaring yourself bankrupt, entering into an IVA is a serious decision and you need professional advice before committing to an IVA as a debt solution.

IVA.uk.com are IVA specialists and we have arranged thousands of IVA solutions for our clients.

When you contact us, we will listen carefully to your circumstances and advise if an IVA is your most appropriate debt solution for.

If you do not qualify for an IVA, or decide after considering the implications that it is not for you, then we can make recommendations as to which other debt solutions may be suitable. If you wish, we can then pass you to one of our sister companies who offer expert advice on other debt alternatives, such as a debt management plan or consolidation loans.

Contact us today to find out how an IVA could change you life.

Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

(In Scotland, a PTD is the equivalent to an IVA.)