See how an IVA
can clear your debts

• Write off up to 70% of your debt
• No credit checks
• Be debt free in 60 months

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“An effective solution to write off your unaffordable debt”

Call us now and find out how you can make a fresh start with an IVA

Find out how
an IVA works

Get the key facts on going bankrupt, how it works and what the real advantages and disadvantages will mean to you.

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Do I qualify
for an IVA?

Find out how you qualify for an IVA, what the legal process is and what to look out for along the way.

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Our expert
IVA advice

We specialise in IVAs and our expert advisors will explain how it works and assess if it’s the right option for you.

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I want to get
out of debt now

An IVA enables you to write off your unaffordable debt and make a fresh start. Go here to find out how.

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If you’re struggling with your debts it’s important to take action quickly or the problem just gets worse. We understand the pressures it brings and the difficulties in dealing with creditors demands. We can show how an individual voluntary arrangement can help and we can also deal with your creditors for you.

Get the right advice


Is an IVA right for me?

An individual voluntary arrangement is a powerful and effective debt management tool but it’s important to find out if it’s right for you.

For free IVA advice call us now on 0800 007 5021

Our expert advisors will assess your personal circumstances as well as your debt problem to make sure this option provides the best solution for now and for your future. In general terms an (Individual Voluntary Arrangement) only applies if your debts are greater than your assets and you have a regular and consistent source of income.

To make the most of your options simply
contact one of our experienced advisors
for free and confidential advice

Get debt help now

There’s no hassle or judgment, just expert advice and it’s free.
Call 0800 007 5021 today to discuss your options or
email us here

There are no obligations or commitments. Our advice is absolutely free.
Call 0800 007 5021 today to discuss your options or
email us here


Individual Voluntary Arrangement

How an IVA works in practice

What is an IVA is a question we are asked many times as it’s very easy to get confused with the different types of information available.

In practical terms an IVA (or individual voluntary arrangement) is an agreement between you and the people you owe money to which sets out how much you will pay back towards what you owe and how much will be written off. This then becomes a legally binding agreement that all parties must adhere to.

The process itself is straightforward and consists of six basic stages:


This is the first and most important part of the process. Entering an individual voluntary arrangement is a serious decision and it’s crucial to ensure you get the expert advice you need to make the right decision.

           OF AFFAIRS IS

The statement of affairs is a financial assessment of your circumstances and takes account of your assets and liabilities along with a breakdown of your income and expenses.

           IS PUT TO YOUR

The proposal to your creditors, which is drafted by an insolvency practitioner, is based on the overview of your statement of affairs and details what you can afford to repay and what should be
written off.

        OR REJECT

The creditors will vote at the creditors meeting and if creditors representing 75% of your debt vote in favour of the proposal then it will be approved and all parties are then bound by the agreement.


A Supervisor is appointed to administer and oversee the IVA to ensure all legal procedures are followed and that the terms of the IVA are being met. The Supervisor is usually the same IP who drafted the proposal.

        A LEGAL

The IVA is registered on the Insolvency Register and will run its course which is usually for 5 years. As long as you have abided by the terms you will then be discharged and the rest of your debt is written off.


Understanding IVAs

Do I qualify for an IVA?

There are a number of specific qualifying criteria but no strict rules in terms of what you owe in order to qualify for an individual voluntary arrangement. There are official guidelines although each case is generally taken on its own merits.

The overriding aspect to individual voluntary arrangements is that in order to qualify you must be insolvent which means that you are unable to repay your unsecured debts, such as loans and credit cards, in a reasonable timescale and the money you owe must be more than the value of your assets.

Other criteria include:

IVAs apply to the UK excluding Scotland

You must be resident in England, Wales and Northern Ireland as individual voluntary arrangements are not available in Scotland where the equivalent is a Scottish trust deed.

Debt Thresholds

The guidelines indicate a minimum level of £15,000 but IVA’s do proceed with amounts as low as £5,000. Your debts must consist of a minimum of three lines of credit from at least two lenders.

You must be able to make a reasonable payment to your creditors

Your income needs to be stable so that creditors are confident you can afford to meet the monthly repayments agreed which normally last for five years.

Creditor voting and agreement

The IVA must be approved by creditors who account for at least 75% of the total amount you owe.

What your creditors will accept

Creditors will be looking to recover at least 30% of what’s owed which means up to 70% can typically be written off.

The IVA must show higher return to creditors than bankruptcy

To ensure creditor acceptance the proposed IVA must realise more than they would get if they made you bankrupt.



IVA Advice

Expert IVA Advice: find out how our expert advice will benefit you

  • We specialise in IVA advice and provide a service that will guide you through the whole process from start to finish.

  • We specialise in IVA advice and provide a service that will guide you through the whole process from start to finish.

  • We can deal with your creditors and stop the pressure and hassle.

  • We can assess your situation regarding current court action a put a plan of action in place.

  • We will go through your existing difficulties and ascertain if an IVA is the best solution for you.

  • For home owners we will focus on how to protect your home and the process you need to follow.

  • The key aspect to sorting your problems and moving on to a better life is to take action now and make contact with us.

Individual Voluntary Arrangement Advice

We provide professional advice and guidance on individual voluntary arrangements across the UK. IVA’s only apply to England, Wales and Northern Ireland and not Scotland. The equivalent solution for Scotland is a Protected Trust Deed, information on which you will find on the main menu bar of our website.

For expert advice on whether an Individual Voluntary
Arrangement is the right solution for you simply give us
a call or contact us by email.

Call us on 0800 007 5021 or email us here


I require help now

There’s no need to put up with the stress and worry of financial problems. Take action now to resolve your problems by contacting us for expert advice on how an individual voluntary arrangement can help you.

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UK locations

Covering the whole of the UK

About us

» We are an independant organisation setup to help people across the UK solve their debt problems. Our debt managers help poeple everyday to improve their finances and get their lives back on track. Read more

Get in Touch

Head office:

16 Woodside Crescent,
Glasgow, G3 7UT

0800 007 5021
To view our other UK offices click here.