No, as an IVA is legally binding. Once an IVA has been approved, your unsecured creditors have no right to…
FAQ Category: Individual Voluntary Arrangement (IVA)
Can I arrange an IVA directly with my creditors?
No. – To be able to set up an IVA (which are regulated by the Insolvency Act 1986) you will…
Who will find out about my IVA?
Unlike bankruptcy, which will be published in the London Gazette and sometimes in your local paper, IVAs are not published.…
How long will an IVA last?
Normally, IVA payments are usually made into an IVA over a period of 60 months (5 years). However, an IVA…
How much does it cost?
As part of the process of setting up an IVA, we will assess your income and expenditure. This will help…
Can anyone enter an IVA?
An IVA is available to all Individuals, whether they be employed or self-employed who are experiencing difficulty in meeting contractual…
What is an IVA?
An IVA is an agreement between you and your creditors to help you pay off your debts at an affordable…