Individual Voluntary Arrangement (IVA)
Hamilton Locke provide expert IVA advice and IVA help programmes for people struggling with their debts. Our impartial IVA advice may recommend an IVA help programme as the most suitable debt help for you. An Individual Voluntary Arrangement can be an excellent way to solve serious debt problems and normally leaves you debt free within 60 months. An Individual Voluntary Arrangement could lower your monthly repayments, stop demands from your creditors, and freeze the interest and charges on your debts. What’s more, once completed, any outstanding unsecured debts will be written off by your creditors.
IVA Help – What is an IVA?
An IVA is a legally binding agreement between you and your creditors. IVA help is governed by the Insolvency Act 1986 and, once agreed, gives you protection from interest and charges being added to debts. Get free IVA advice, or an IVA help plan, from Hamilton Locke today and:
- You make an agreed, fixed, affordable monthly payment
- Demands from creditors are stopped
- Once completed all your remaining unsecured debt is written off
- A solution to debt that’s backed by government legislation
- After a nominated period (usually five years) you’ll be debt free
Although the total money that you pay into an IVA help programme will usually be less than the debt you owe, it will be accepted as full and final settlement by the people that you owe the debt to.
IVA Help – How do I get IVA Advice?
For free IVA advice call our freephone number or fill in the call-back form on this page. Our experts will provide specific and impartial IVA advice and help you decide whether an IVA help programme is right for you. If, after assessing your financial circumstances, an IVA help programme is deemed the most suitable debt help for you we will refer you to our in-house ethical provider of IVA help programmes (DW/TDP).
As an Individual Voluntary Agreement is a legally binding agreement IVA help programmes can only be administrated by a licensed Insolvency Practitioner. This is because the Insolvency Act 1986 requires a qualified insolvency practitioner to propose an IVA help programme, act as the nominee and, if agreed by creditors, supervise it throughout its full term.
As with all of our debt help solutions you will only be recommended for an IVA help programme if it is right for your circumstances. Our IVA advice is tailored to your needs. Complete the form on the right and one of our experts will provide you with FREE debt advice. To talk to an advisor, for immediate debt help, call FREE on 0800 083 4646.