How do I enter into an IVA?
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You will first need to call us on the above number for a debt assessment. If your circumstances qualify you for an IVA, we will send out an IVA pack. You will need to return all your paperwork and we will then prepare all of the necessary documentation for your approval. We will then contact creditors on your behalf and will continue to deal with them for you throughout your arrangement.
We will call a creditors meeting so that creditors can consider your proposal. You will not usually have to attend a meeting. Typically most creditors do not attend in person and vote by proxy (postal vote). You can attend if you wish although a person from The Debt People ( our sister company) will chair the meeting, keeping you fully informed throughout the process.
For more information, please visit our IVA Page.
Important Information About Our Service & Fees
Whilst we strive in all cases to negotiate the best deal with your creditors, we cannot guarantee a reduction in interest or charges. Also as one of the largest providers of debt management solutions in the UK, we are able to provide initial advice over the phone without charge, however, if a debt solution is taken out, please be aware that fees will be charged. We aim to keep these fees as low as possible and believe that we are very competitively priced. View more detailed information on our fees including examples for each product here.
Further Additional Information
The insolvency service has produced a guide for people who are struggling with debt, which outlines each of the available solutions.
If an IVA is not maintained it could lead to bankruptcy.
