Debtsolver IVA and Debt Consolidation Advice

IVA Advice and Information

The IVA or Individual Voluntary Arrangement has been an alternative to bankruptcy since 1986 but awareness of the IVA procedure has only grown in recent years.

To help individuals facing bankruptcy, Debtsolver have compiled this IVA Information Resource, with general advice for people from the UK. Our first recommended read would be Debtsolver’s answer to the question; “What is an IVA?” and how it can write off a substantial amount of your debts.

Debtsolver have also compiled a typical procedure for an IVA including the key steps to negotiating an IVA with the help of a Licensed Insolvency Practitioner and the steps leading to someone becoming debt free. This includes some details of obtaining an interim order, the drafting of an IVA Proposal, and what can happen during the creditors meeting.

Debtsolver have also compiled a list of IVA Frequently Asked Questions with answers to commonly asked questions on who can apply for an IVA, partners and an IVA, what often takes place during a creditors meeting, can someone take out an IVA if they have a CCJ against them, and so on.

For people who are facing personal insolvency but don’t know what to do, Debtsolver have also written a comparison of IVA and bankruptcy with the key advantages and disadvantages to either taking out an IVA or opting for bankruptcy.

Finally, Debtsolver have made a list of definitions and explanations for common debt-related terms in our IVA debt glossary.

Debt Consolidation Advice

The common insolvency routes such as bankruptcy and IVA are usually only taken by people with serious debt problems and for some people debt consolidation may be the better option.

If you want to find out about debt consolidation, you can take a look at our Debt Consolidation Information pages.

In there you can find facts and information on debt consolidation as well as the pros and cons of consolidating debts into one loan.

There’s also a summary of the key debt consolidation issues to consider when taking out a debt consolidation loan.

If you are confused by some of the jargon, Debtsolver have compiled a debt glossary of commonly used terms.

These are general guides with background material on debt issues and are given in good faith.

However, no one should make choices or decisions without first seeking professional debt advice.

If you have any questions about an IVA or bankruptcy procedure, you can get free debt advice by calling us on 08000 434 336 any time; 24 hours 7 days a week, or if you prefer you can fill out our online form.

As well as being free, our IVA and bankruptcy advice is given without obligation.