Debt Help, IVA Advice from the Debt Help line UK

Debt Help UK & IVA Advice

Helping to solve your financial problems

The Debt Helpline gives free advice and assistance to individuals with financial difficulties or concerns.

We are experts in providing solutions to individuals who are experiencing financial diificulties. We can offer help and advice on any of the following: -

We recognise that no set of circumstances are exactly the same and are commited to helping you to find the best solution to your financial problems.

*where solution may be appropriate, rather than specific product

Call us on 0800 88 18 274 to find out how we can help at the Debt Helpline

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What is an IVA?

An Individual Voluntary Arrangement (IVA) is a formal insolvency procedure. It is an agreement made between you and your creditors whereby you and your creditors come to an arrangement that you will make affordable monthly payments from your income and/or utilise your other assets in order to pay off a percentage of the total amount of your debt. As a general rule an IVA lasts 5 years and, provided you meet your obligations under the agreement, at the end of the 5 years your debt is classed as settled.

The IVA is an extremely powerful tool enabling you to put forward a deal to your creditors by way of a proposal which, if approved by the required majority of your creditors, becomes legally binding. However, due to the formal nature of this process, you will need the assistance of a licensed professional, an Insolvency Practitioner, to help you set up your IVA. At the Debt Helpline, we do not charge you any upfront fees for providing this assistance with your proposal for an Individual Voluntary Arrangement.

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Debt Management. For many companies and individuals who are having difficluty in paying loans back, there is one path which could aid the situation. Debt Management plan is a process where a registered Debt Management advisory service will look at brokering an agreement with creditors.

IVA

This arrangement is commonly used by people who are looking to avoid associated problems of declaring themselves bankrupt. Once the company involved have taken their respective fees, the official IVA company will make regular payments to the creditors of their client.

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