An IVA or Individual Voluntary Arrangement is a formal agreement available for people living in England, Wales and Northern Ireland. It is a suitable debt solution for those struggling to meet monthly repayments on high levels of debt. As an IVA in the UK is a legally binding agreement it is vital Your Debt Expert has a clear understanding of your financial circumstances before application.
A Debt Advisor will assess your debt and work out an affordable monthly repayment schedule. An IVA is a legal agreement and must be arranged by a licensed practitioner. The duration of this debt solution programme is 5 years with no interest or additional charges during this period. Once the IVA has been agreed your Creditors cannot take legal action and in some instances can write off debt you cannot afford to pay.
An Individual Voluntary Arrangement may be the ideal debt solution if:-
Unlike other debt solutions an IVA is a legally binding agreement. Call 0141 227 7730 for the best IVA advice and how to apply.
Find out if you qualify for debt relief
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Peter Dean has helped thousands of people with quality money advice, through Your Debt Expert.
Peter Dean is one of the most highly-qualified and experienced debt solutions professionals in Scotland. He established Carrington Dean in 2001 following a distinguished financial career in which he became a Partner with one of the world’s leading accountancy firms and a recognised insolvency expert.
Peter is a Fellow of the Chartered Management Institute, a Fellow of the Association of Business Recovery Professionals, a Member of the Chartered Institute of Arbitrators, and a Member of the Insolvency Practitioners’ Association.