An Individual Voluntary Arrangement, or IVA, is an alternative to bankruptcy in which the debtor arranges a formal agreement with his creditors to pay off a percentage of his debt over a set period of time, usually around 5 years.

An IVA is often seen as advantageous to bankruptcy as it has less of an adverse effect on the person's credit history and their home remains relatively untouched.

However if you have arranged an Individual Voluntary Arrangement, you will probably be aware that although an IVA makes it much easier for you to keep your home, it is standard for many IVAs to include a clause that stipulates that after a set number of years you will be required to have your home valued and to give your creditors a certain percentage of the equity that has been built up as a final payment.

We can help people who are still in an IVA or used to have completed their IVA.

To find out more just give us a call for an informal chat. 0845 6034130