The Insolvency Act 1986

IVA (Individual Voluntary Arrangement) was introduced by the Insolvency Act of 1986 and is effectively an alternative to bankruptcy.

An IVA allows a person with substantial debts to make a formal proposal to their creditors. If the proposal is accepted by the creditors the IVA becomes a legally binding contract.

Once an offer is accepted monthly payment are arranged based on what the debtor is able to reasonably afford and is normally spread over five years.

In many cases the debts can be reduced by up to 75%

If the debtor adheres to the terms of the IVA the debt is cleared at the end of the arranged term.

If you have only one unsecured debt it may be a little more dificult to help but rest assured an adviser will do all he can to help.

Please read the following carefully

If you have only one debt it can be difficult to come to an arrangement with a single creditor for reduced payments.

The creditors know if you do not owe money to anyone else, any excess funds you have should be used to pay off this debt.

If you have more than one debt, you still only have the same disposable income but no single creditor can demand to be first in the queue and for this reason they are usually willing to negotiate.

If you have more than one unsecured debt please add it to the form as this wil help reduce your payments drastically.

If you have more than one debt with any of the following then they are are classsed as unsecured creditors and is should then be possible to help to reduce your monthly payments:

Credit Cards
Unsecured Loans
Catalogues
Store Cards
Mobile Phone
Over Draft
Arrears with Gas, Electricity or Water bills (as long as you are no longer with the same supplier)
Rent Arrears (if you have moved)

If you only have the one debt, your details will still be studied by an adviser in the hope that there may be a solution for you, so please continue completing the form.

First Name*	Last Name*
Home Phone*	Mobile Phone
E mail*	House Number/Name*
Postcode*	Residence Type *
Income Type*	Monthly Income*
Number Of Debts*	Total Owed £*	Exclude Mortgage
Approx. Monthly Bills*	Best Contact Time*
Is your home in danger of being repossessed ?
Monthly bills are living expenses excluding unsecured loans and card repayments but includingpayments for rent/mortgage and loans secured against your property

All information submitted is confidential

Credit Card Debts

Clear credit card debts and freeze all interest.

Mortgage Arrears

Save your home and reduce monthly payments.

Stop Harassment

Put a stop to the endless upsetting harassing phone calls from debt collectors.

Contact

Your only point of contact in the future will be your liaison officer, you will no longer have to deal with your creditors.

Paperwork

Your appointed liaison officer will deal with all documentation and negotiations on your behalf.

Reduce Payments

Your monthly payments can be significantly reduced and replaced with one simple affordable monthly payment.

Personal Loan

Freeze intrest and reduce payments on unsecured loans.