Single IVA | Debt Solutions | IVA

What is a Single IVA?

A Single IVA is an IVA application where all the debts are in just one name. Where this is the case, a husband/wife/partner is not obliged to make payments towards the IVA and we at Debt Solutions would propose a single IVA to your creditors.

Debts which are owed jointly with another person can also be included in a single IVA.

Note: In some cases your husband/wife/partner may want to contribute towards the IVA to improve the chances of your creditors accepting your IVA proposal. We call this an "Assisted IVA". Read more about the Assisted IVA.

Who can apply for a Single IVA?

Anyone who meets the criteria for an IVA and has all debts solely in their name or jointly with another person.

IVA Criteria at Debt Solutions

- Debts over £15,000
- 2 or more creditors
- At least £200 to offer creditors per month

If you meet the above criteria an IVA may be right for you and you could have a large portion of your debts legally written off.

Apply for an IVA

What is the process of applying for a Single IVA?

1) Contact us on 0800 043 0200 or fill out our Application Form and we will call you.

2) Tell us about your circumstances, debts, income, living costs etc

3) We will then discuss your options.

4) If a Single IVA is appropriate for your circumstances we can start working on your case.

5) We will draft your IVA proposal and send it to you for your review and signature.

6) We contact your creditors with your IVA proposal and ask them to accept it.

7) Upon acceptance you will start making your payments as agreed in your proposal.

8) Upon successful completion of your IVA any remaining debts will be written off and you will be completely debt free.