Complex debt situations containing the likes of credit cards, unsecured loans, overdrafts, negative equity, etc may require a more detailed solution. An IVA, which is a legal agreement between you and the people you owe money to (your creditors), may be such a suitable solution.
Most, but not all types of debt can be included in this agreement. A settlement is offered to your creditors, paid either as a five-year payment plan (contribution IVA) or if possible, via a lump sum.
Unlike some other debt firms, we have an in-house Insolvency Practitioner and an IVA team who advise, construct, propose (nominate) and supervise bespoke property debt IVAs for our clients throughout the province.
We successfully complete 100s of IVA debt settlements a year whereby all our clients' debts were dealt with and settled with one arrangement (settlement).