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Individual Voluntary Arrangement from effective debt solutions 

Individual Voluntary Arrangement

As part of the Insolvency Act 1986 the Government introduced a scheme called an Individual Voluntary Arrangement (IVA) to enable individuals to write off debts that they cannot afford pay.  An Individual Voluntary Arrangement is an alternative to bankruptcy that enables an individual to keep all of their assets (house for example) and become debt free.  A significant amount of your debt can be completely written off.

Who is eligible for an Individual Voluntary Arrangement?

If you have debts in excess of £5000 owed to 2 or more creditors then you should fill in the form to the right to see if an Individual Voluntary Arrangement is right for you.  The advice is free, you are under no obligation and we can offer guaranteed acceptance onto an Individual Voluntary Arrangement if you meet the criteria.

Types of debt covered by an Individual Voluntary Arrangement

Unsecured debts such as credit card debts, personal loans, store cards, and overdrafts are all covered by an Individual Voluntary Arrangement. Secured loans (mortgages), council tax arrears and fines are not covered.

How long will an Individual Voluntary Arrangement take to set up?

Once we have assessed whether you are eligible for an Individual Voluntary Arrangement we will fast track your application.  Our debt experts will take over all contact with your creditors, and they will stop chasing you for payment.  Under the terms of your Individual Voluntary Arrangement you will have one affordable monthly repayment, and all other debt will be written off.  You will be debt free in 36 - 60 months.
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Individual Voluntary Arrangement from Effective Debt Solutions

Providing you owe at least £5000 to 2 or more creditors you could get a significant proportion of your debt written off by entering into an Individual Voluntary Arrangement.  This new Government scheme is designed to help individuals that are struggling to pay their debts to become debt free and avoid bankruptcy.  Once you have completed our simple online form we will assess the suitability of an Individual Voluntary Arrangement for your individual circumstances, and if you wish to go ahead we can have you on the way to becoming debt free, fast.  If an Individual Voluntary Arrangement is not suitable for you we will advise of other ways to cut your monthly repayments and get out of debt.

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