Background
Individual voluntary Arrangements

An IVA is a formal agreement between you and your creditors aimed at gradually repaying debts. An insolvency practitioner oversees this process. It requires regular monthly payments to effectively handle outstanding debts. Creditfix offers an IVA calculator, which assesses your total unsecured debts, indicating whether an IVA aligns with your circumstances or if other insolvency options might be more suitable, particularly considering the size of your debt.

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