If you are facing severe financial difficulties and cannot pay your creditors we can provide practical help.
We provide advice on the implications of entering into an Individual Voluntary Arrangement (IVA) and whether that is the right choice for your circumstances.
An individual voluntary arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time. An IVA must be set up by an insolvency practitioner.
The decision to enter into an IVA and whether it is right for you, depends upon if you can keep up with the regular monthly payments required under an IVA.
An IVA can be flexible to suit your needs, but there are risks which we will explain to you.
We can put you in contact with an Insolvency Practitioner who can advise on the requirements of an IVA and whether there is a case to put before your creditors.
Our legal experts have substantial experience and expertise in providing practical advice on bankruptcy and IVAs. For more information contact Natasha Biggs.