IVA - Individual Voluntary Arrangement from Debt Consultants
- Write off a substantial amount of your debt with an IVA
- One lower monthly payment - you pay only what you can afford
- No more creditor calls or letters
- Interest and Charges stopped
An IVA could be the answer to your debt problems. Debt Consultants work with leading Insolvency Practitioners and we could help you get a substantial amount of your debt written off and you debt free with an IVA.
IVA - The Process
Firstly...
One of our debt consultants will contact you to discuss and assess your financial circumstances and see if an IVA is the right debt solution for you. If you are suitable for an IVA, you will be 'nominated' by one of our Insolvency Practitioners.
Secondly...
Your Debt Consultant shall discuss your repayment options with you and help you to decide the best proposed payment plan for you that you can afford.
Thirdly...
Each of your creditors will receive a copy of your proposed payment plan and as long as the majority of the creditors (the majority must add up to 75% of the total of the debts) accept then the IVA becomes a legally binding agreement for all of your creditors - even the ones that voted against.
Lastly...
Once the IVA is approved you simply pay the agreed amount in one simple monthly payment to Debt Consultants and we shall distribute the money to each of the creditors as laid out in the IVA.
As soon as you have finished the payment plan you will be Debt Free! It really is that simple...
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