IVA

Do you know that you can get up to 85% of your debts written off using one simple way!

Introduced by the United Kingdom Government in 1986 in the Insolvency Act, IVA or Individual Voluntary Arrangement is a formal solution to clear your debts, wherein a registered Insolvency Practitioner (IP) splits up your payments among your creditors, as per your monthly income and expenditure. This legal agreement allows you to pay a part or all of your debts in an easy way without any additional interest or charges on your existing debts. The debts can be paid off in a term up to 5 years, with one affordable payment every month and any debt post this term is considered legally written off.