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IVA - What is an IVA?

IVA - A brief explanation

An IVA is a means of clearing your debt legally without declaring yourself bankrupt.

It allows you to keep your home and your business ad pay your creditors an agreed amount each month after your living expenses - you only pay what you can afford.

The interest on your debt is frozen - so you can safely pay off the agreed amount knowing that you are paying off the debt and not the interest.

Once you have paid your creditors the agreed amount the rest is cleared after five years.

IVA - How does it work?

First of all an IVA is not the same as declaring yourself bankrupt. It is a contract between you and your creditors which allows you to come to an arrangement on what you can pay and the rest if written off.

• You are not declared bankrupt.
• No need to worry about losing your house
• No more demands or pressure from your creditors - they will leave you in peace to make your payments
• Your interest on your debt is frozen
• No effect to your job or business - keep trading as usual
• Your debt is cleared in five years
• All perfectly legal and with agreement with your creditors

IVA - Why should I use IVA-PROPOSAL.CO.UK?

First of all, we will speak with you on a no-obligation basis to find out the best course of action. All of our debt management specialists are fully trained and industry regulated. We pride ourselves in the both professional and honest way in which we work.

Fill out our no-obligation enquiry form and one of our expert advisors will call you back and devise a personalised course of action just for you.