WHAT IS AN Individual Voluntary Arrangement (IVA)

An Individual Voluntary Arrangement (IVA) is an agreement with your creditors to pay all or part of your debts. You agree to make regular payments to an insolvency practitioner, who will divide this money between your creditors.

An IVA can give you more control of your assets than bankruptcy. Use an insolvency practitioner to get an IVA. Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You’ll have to give details about your financial situation, eg your assets, debts, income and creditors. Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts agree to it. It will apply to all your creditors, including any who disagreed to it.

An IVA will stop your creditors taking action against you for your debts.

Contact Us

You can contact us from Monday to Thursday from 9am to 7pm and Fridays from 9am to 6pm.



Our dedicated Pre Appointment Team will assess your individual financial circumstances and will prepare your paperwork for the acceptance of creditors. Our expert Creditor Meeting Team will then liaise with creditors on your behalf. 



Once your arrangement has been approved we have dedicated Case officers to oversee your arrangement. Completing a yearly budget review with you, updating your arrangement with any change in circumstances.



Approximately 6 months before your arrangement is due to end our specialised closure team will take over to ensure that your case in closed and you become debt free with as little interference as possible.