If you think you may be eligible for an IVA , call us on 0333 200 1652. Our trained advisors will discuss your finances with you and agree an affordable monthly payment based on your personal circumstances. This will form the basis of the offer to your creditors in the IVA proposal
Working closely with you we will prepare on your behalf an IVA proposal. When you have agreed the proposal we will send it to your creditors together with a report from the Insolvency Practitioner supporting the proposal as your preferred option
The proposal will include a brief history of your debt build up , details of your assets (if any) and liabilities. This is so that creditors are fully informed as to your financial status
Your creditors will be asked to vote as to whether they accept your proposal. If at least 75% in value of those creditors who vote accept the IVA then it is approved. We remain in contact with the creditors and answer any queries they may have during the voting process
Once the IVA is approved we will confirm this in writing and contact you regarding making your first payment which must be within 30 days of approval
During the period of your IVA we will remain in regular contact with you. It is important that you advise your Supervisor of any changes in your circumstances which may affect your IVA
On the successful completion of your IVA we will issue you with a Completion Certificate and any debts still outstanding in your IVA will be written off
