You should only consider an IVA if you have sufficient money available to contribute towards repaying your debts each month or additional assets which could be taken into consideration. Generally you need to be able to afford monthly payments of £200 or more.

If you have a regular source of income, are more than £15,000 in debt to three or more creditors, you may be suitable for an IVA. 

An IVA is a sensible solution for home owners.

It's a misconception that only poor people apply for IVAs. In fact, a typical IVA client will be a young professional in a good job that has simply borrowed too much money.

To get expert and impartial advice from a licensed Insolvency Practitioner, simply complete our no obligation enquiry form. Our advisors are friendly, professional, knowledgeable, and will explain the options available to you, clearly and concisely.