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Do you want help avoiding
bankruptcy?
Apply for an IVA
to become debt free in 5 years.
Our IP's offer
free expert advice
online
Taking the first step
to a debt free life.
Making a decision to
apply for an iva agreement can be a difficult
decision.
In fact making a
decision to actively tackle your debts is
actually the more difficult.
It is the first step to
a debt free life. We try to make the whole
process as quick and simple as
possible.
Our online application
form contains a few simple questions
Once these questions
have been answered in full an advisor
will call you to gather further details on the
creditors and any further details he/she
needs.
Free IVA
Advice
Apply for an IVA to
become debt free in 5 years.
An IVA sets out how the
debtor is going to repay the creditors (e.g.
banks, credit cards etc), usually over a period
of five years.
The payments you make
will be distributed on a regular basis to your
creditors, via the insolvency
practitioner.
All sorts of people
enter into IVAs. Generally IVAs are not
suitable for people who owe less than £15,000
or who owe money to less than two creditors and
people who cannot afford to pay more than £240
per month after allowing for living
expenses.
We are committed to
helping our clients from start to finish. From
your first enquiry to the completion of your
IVA agreement you will deal with a personal
advisor dedicated to fighting your
corner.
If you would like more
specific information relating to your financial
position please ask an expert.
Advantages of an
IVA
Take the first step to
a debt free life.
- All interest and
charges on your unsecured debts will be
frozen.
- Individual
Voluntary Arrangements are not published in
local newspapers, unlike bankruptcy.
- It will not affect
professions such as the Police Force and
Armed Forces, neither will it affect your
ability to hold public office or act as a
company director.
- All unsecured
creditors will be bound by the IVA.
- The debtor, via
the insolvency practitioner, is involved in
the choice of assets made available to the
creditors since the arrangement is designed
to suit the debtor's situation.
- Your contributions
are based on your ability to pay.
- Administration
costs should be lower than bankruptcy,
enabling higher payments for creditors.
- The debtor is able
to operate a normal current account, as
long as it does not have an overdraft
facility.
- Once the
individual voluntary arrangement is
successfully completed your debts are
effectively written off, providing you with
a fresh start.
IVA
Process
Quick and
Simple
We try to keep it as
simple as possible. It is our aim to show you
just how easy it can be to reach a debt free
life.
- Complete the
application form online. (Approx 30
questions.
- Once we receive
your completed application form we will
hand copy your provided information into an
IVA assessment form. We will then post this
to you special delivery. We ask you to
check it, complete it, sign it and return
it to us in the pre-paid envelope.
- Once we receive it
in return an Insolvency Practioner will be
able to offer a formal agreement.
- When you receive
the formal agreement we ask you to check
it, sign it and return it in the pre-paid
envelope.
- This whole process
should take no more than 14 days. However
it will take upto 4 weeks to put the
agreement in place.
IVA
Costs
Our IP's offer free
expert advice online.
We are funded by the
creditors who pay us accordingly once a clients
proposal for services is accepted.
The fees are
incorporated into the agreement proposed by the
Insolvency Practioner.
E.g. If you owe £25,000
and the IVA is set up on the basis that you pay
£300 per month for 60 months this is all that
you will repay.
The whole process of
applying for an IVA agreement should take no
more than 7 days. However it will take upto 4
weeks to put the agreement in place. |
