Individual voluntary Arrangements

An Individual Voluntary Arrangement (IVA) is a formal, legally enforceable arrangement between you and your creditors to repay your obligations over time. An insolvency practitioner must put up an IVA. An Individual Voluntary Arrangement (IVA) is a debt solution that allows you to pay off your unmanageable debts over time through a series of monthly instalments. However, you must first determine if you qualify for an IVA and whether you can afford to continue making payments. The Creditfix expert's IVA calculator can assist you with this. First, it will assess your total unsecured debts to determine if an IVA is the best debt solution for you, or if the size of your debt means you should look into other insolvency options.