I.V.A (Individual Voluntary Arrangement)
This is simply an informal version of insolvency, we can help with an IVA where the majority of your creditors have accepted an arrangement to pay off a proportion of your debts in a full and final settlement. This is done under the direction of a supervisor.
Once in an I.V.A
If more than 75% of your creditors agree then all creditors are legally bound. An IVA doesn't affect your professional status. (unlike bankruptcy)
You will need to be in at least in £15,000 worth of debt and you could potentially be asked to release equity in your home or any other secured assets.