• Write off up to 75% of your debts
• Reduce your monthly repayments by up to 80%
• Freeze your high interest rates
• Don’t deal with distressing fines or harassing calls/mails
• Re-establish your credit rating
• Stop court action against you
• Retain your home and car
• Fixed legally binding agreement to deal with your debts
Find it all with an IVA!
How does an IVA work?
When you have decided that an IVA is the best solution for you an Insolvency Practitioner (IP) will assess your financial situation and decide on a repayment amount that suits your needs. An application form will be sent to the court for an Interim Order following which no creditor can take legal action against you. For an IVA to be approved a creditors meeting will be arranged which you should attend as well. During the meeting creditors will be called upon to vote for or against the arrangement. If the creditors vote for the IVA it gets approved immediately. However if creditors who represent 25% of your total debt vote against it the meeting will be suspended for a later date. In any case an IVA needs the support of 75% of the creditors who represent your total debt.
Is an IVA suitable for you?
If you are wondering whether an IVA is suitable for you or what the procedure is for an IVA, we will help you! We will analyze your financial situation to determine whether an IVA is suitable for you and guide you through your IVA! APPLY NOW !
