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Individual Voluntary Arrangement

One step at a time

If you can’t pay your debts or if what you owe exceeds the value of your assets, then you’re insolvent.

Historically, the only way out would have been bankruptcy, but an Individual Voluntary Arrangement or IVA is an increasingly popular alternative. An IVA is a formal but usually flexible financial arrangement dealing with all of your debts.

It is set up via an Insolvency Practitioner, the precise terms of which requires approval by your creditors. We have assisted with hundreds of IVA’s successfully enabling individuals to variously continue in trade, retain home ownership and act as Company Directors.

Your Personal Debt Advice Team

Insolvency News

What is a shadow director?

In the day to day running of a Company, businesses are often overseen by individuals who are not legal directors registered at Companies House. In the Companies Act 2006, a shadow director, in relation to a Company, means a person in accordance with whose directions or instructions the directors of the Company are accustomed to […]

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If my company goes into Liquidation will I lose my home?

Ultimately, it depends! By reversing the question and exploring what position you would need to be in for your home to be at risk, a position is established by which you can consider your own position against. Do you owe money to the Company? As a shareholder and/or a director of a company it is […]

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