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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

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