IVA | Individual Voluntary Arrangement

An IVA (Individual Voluntary Arrangement) is a debt solution available to people with debts over £15,000. When you are struggling with large debts an IVA can help to make your debt payments manageable to you. The government introduced the IVA in 1986 to help over indebted individuals agree a payment structure with their creditors which offers them protection from bankruptcy, fines and court judgements.

In an IVA you make one monthly payment that you can afford (based on your income and living costs). You make this monthly payment for a fixed period of time (usually 5 years). After your payment plan is complete you may have some debts left. Your creditors will legally write off these debts, meaning you have no more debt. In some cases you could see up to 70% of your debts written off.

Every month more than 3,500 people opt for an IVA as their debt solution of choice.

If you are struggling with your debts an IVA could be a suitable option for you. Speak to one of our advisors to find out more.

Is an IVA with Debt Solutions the right choice for you?

An IVA could be the right choice for you if you:

have debts over £15,000,
can afford to pay at least £200 to your creditors each month,
are struggling to repay your monthly creditor payments.

To find out more about IVAs contact us Debt Solutions

Call us free on 0800 043 0200 and speak to one of our friendly advisers,
Fill in the Free Debt Advice Form on this page and one of our advisors will call you back,
Use our Debt Solutions Budget Calculator to see is an IVA is right for you,
Fill out our IVA Application Form now.

IVA Links

What is an IVA?

Types of IVA
- Single IVA
- Joint/Interlocking IVA
- Lump Sum IVA
- Assisted Payment IVA
- Self Employed/Business/Sole Trader IVA

IVA Frequently asked questions (FAQs)

IVA Fees

IVA Application

If you cannot find out the information you need on IVAs in our website, you can Chat online to one of our debt advisors who know everything you need about the IVA. We will be happy to help you find the perfect debt solution for your circumstances.