PROTECTION FROM LENDERS
WRITE OFF UNAFFORDABLE DEBT
ONLY PAY WHAT YOU CAN AFFORD
Firstly complete the online form, then have a chat with one of our expert IVA advisors to see if an IVA is your best option or would another debt solution get you debt free sooner.
Yourself and the IVA expert will go over your financial situation to workout what you can realistically afford to pay towards your debts each month, after giving priority to your normal household living expenses.
We will then put your case together and send it over to the IP's team (Insolvency Practitioners) who will draft your proposal and send to your creditors. The majority of your creditors then have the option to vote in favour of your proposal.
Once all parties agree to your IVA, it becomes legally binding and you can start your new affordable monthly repayments. After 60 months (usual term of an IVA), you are free of your debts and any remaining unpaid debt is legally written off.