Individual Voluntary Arrangements (IVA)

This is when an agreement is reached between you and your creditors whereby you make funds available (usually on a monthly basis) to be distributed amongst your agreed creditors.

If this is appropriate, we will help you in drafting the relevant paperwork and act as ‘nominee’ and ‘supervisor’ to ensure the agreement is fulfilled.

Assets such as endowment policies and mortgages may also need to be made available to your creditors. Once you have fulfilled the requirements of the IVA, your debts will be written off.

View the Corporate recovery FAQs here.

Contact us

For a free initial consultation with our Corporate Recovery division please contact Paul Davis or Mick Sanders on 020 7429 4100 or send us an enquiry online.