IVA - Individual Voluntary Arrangement
Prevent any enforcement action
Stop Debt Collectors and Stop Bankruptcy Proceedings with a Volantary Agreement with your creditors, as long as you meaintain the agreement.
Reach a compromise with Debtors
An IVA is a legally binding contact normaly lasting 5 years which include all unsecured creditors included, you can reach a compromise with creditors to avoid the consequences of bad debt management.
The most suitable debt solution
An IVA is not the only option which is why we will analyse your debt, income and personal situation to work out which debt solution might be best for you. We'll suggest the most suitable debt solution for you based on your current debt and personal details
Write off up to 60%
You could write off up to 60% of your original debt with an IVA typically after 5 years.
Freeze Charges and Interest
Your interest and charges are frozen so that you can pay the debt itself rather than extra charges.
Reduce Payments
With a Debt Management Plan, you could reduce your debt repayments to an affordable level each month without the need for an expensive loan.
Continue to Trade !
Unlike a Bankruptcy, you do not have to dissolve a partnership or stop acting as a director of a company. A self-employed trader does not have to disclose (but may be asked) if they are under an IVA.
Protection
In the event that an IVA agreement is established by the majority of creditors, all unsecured creditors are bound by it even if they disagree in the meeting of creditors.
Our Financial Advisers will be happy to discuss debt solutions with you.
Enquire Now over the phone. We will source the most suitable Debt Solution to suit your circumstance.
Qualified Consultants
At Bespoke Finance we have qualified Financial Advisers to guide your Debt Solution decision and work with Licensed Insolvency Practitioners if the IVA route is the most suitable debit solution.
