Individual Voluntary Arrangements
What Debts we can look at for an IVA?
Car Parking Fines
County Court Judgements Bailiffs
Debt Collection Companies
How An IVA Saves You Money
Debt Level: £12000
Monthly payment at the moment: £325
IVA payment £100 over 60 month’s total paid into the IVA £6000
SAVING £6000 PLUS INTEREST AND CHARGES
(Savings vary on a case by case basis)
How does an IVA work?
We will review your financial situation with you to help work out what is an affordable payment. If an IVA is suitable, we can refer you to one of our preferred Insolvency Practitioners. The practitioner will put forward a formal proposal to your creditors.
Once this is accepted you are legally protected and creditors can no longer add interest and charges. They also cannot call you, write to you take you to court or send debt collectors to your home Provided you maintain payments, all unpaid debt is written off at the end of the IVA, IVA's normally last 60 Months