Individual Voluntary Arrangements (IVAs) from Access Debt Solutions
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Individual Voluntary Arrangements (IVAs)

Individual Voluntary Arrangements can provide a solution if the level of debt is significant and the thought of bankruptcy is not your preferred route. In this case it may be possible to avoid bankruptcy if you can raise a sum of money that your creditors will agree to accept in full and final satisfaction of their debts.

In simple terms, IVAs are an arrangement between you and your creditors to repay the debt over a period of time typically 5 years.

The minimum requirements for Individual Voluntary Arrangements are:

Once an IVA has been agreed by your creditors, all interest and charges on your unsecured debts will be frozen.

Payments into IVAs are made on a regular basis and normally last for five years although it is possible if a lump sum payment can be raised to shorten the term.

Positives of Individual Voluntary Arrangements:

Negatives of Individual Voluntary Arrangements:

If you think that an IVA is for you, complete the online online IVA application form or give us a call now on 0800 694 0484 to discuss.


Follow the links below for further detail on other debt options for sole traders and partnerships: