IVA Advice & Information
What is an IVA?
An IVA is a Debt Solution based on government legislation.
If you are struggling with your debt repayments you can use an IVA to get your creditors to accept a plan you can afford. Under this government initiative you need to show that you cannot afford your debts.
This is done by showing that your monthly living costs and debts are more than your monthly income.
The best thing about an IVA
After making the agreed IVA payments, any remaining debt included in the plan is legally written off.
Do you qualify for an IVA?
- Debts over £15,000
- 2 or more different creditors
- Able to offer at least £150 per month
The best way to find out if you are eligible for an IVA is to speak to our debt advisors.
We know what your creditors will and will not accept in terms of an IVA proposal.
|
 |
|
|
IVA.net is owned and operated by McCambridge Duffy, who are one of the leading Insolvency firms in the UK and have been established since 1932. McCambridge Duffy solely provide IVAs and other Insolvency solutions. We do not offer informal debt solutions, so if an insolvency solution is not your recommended course of action, with your permission, we will recommend an appropriate company that can assist you further. All advice is free. A fee is only payable where further services are requested. All fees will be explained in detail and discussed prior to commencement of any debt repayment plan. Repaying debt over a longer period may increase the total amount to be repaid.