Individual Voluntary Arrangement (IVA)
An IVA is a legally binding process. It is simpler than bankruptcy and has a less severe outcome. It is an agreement between you and your creditors which is legally binding. The terms of your IVA may be that some of your future earnings will be used to pay your debt or you may require equity release, sale of an asset or introduce third party monies to inject the funds into the IVA.
We will assess your suitability for an IVA and calculate how much you can reasonably afford to pay each month towards your IVA.
We work in association with trusted Licensed Insolvency Practitioners ('IP's’) to undertake this process and demonstrate to your creditors that the amount you are offering to pay towards your unsecured debts is genuinely all you can afford.
We will work with the IP to be able to give you a fixed quote over the phone or we are happy to arrange a meeting at your convenience. We will discuss the advantages, disadvantages and risks associated with this process and whether this is the right solution for you.
Call us now on 07876 478319 for a free consultation.
Saluja Insolvency Solutions is authorised and regulated by the Financial Conduct Authority.
Credit Consumer Licence No: 677004
Credit Consumer Licence No: 677004
