You can be

debt free in

just 60 months

What is an IVA?

Simply, an IVA is a formal agreement between you and your creditors. This agreement, if appropriate, is based on how much you can afford to pay each month and usually lasts for a period of 60 months. Once all required payments are made, the outstanding debts are written off.

The IVA must be approved by your creditors and, therefore, your proposal must be a complete and honest reflection of your earnings and assets. The creditors make an informed decision based on each individual case and the offer put forward. An IVA proposal can only be presented to your creditors by an Insolvency Practitioner who has considered your case and believes it to be fair and reasonable to both you and your creditors.