IVA Information

Learn everything you need to know about an IVA in the UK; this section offers specific guidance and impartial articles to help you to understand how an IVA works.

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Contents

  • IVA for self employed (sole trader)

    Self-employed people can opt for an IVA in order to handle their debt problems. This will get them a temporary relief from the creditors and allow them to focus more on their business. More info on this impartial guide.

  • IVA qualification - A brief overview

    It’s not that every debtor in the UK will automatically qualify for an IVA. There are certain eligibility criteria for an IVA. Find out more on this page about these criteria to qualify for an IVA.

  • IVA annual review - Information on How to prepare it

    Your annual review of income and expenditure is important to determine monthly budget. So, you need to prepare for it and keep all proofs handy that can substantiate your claims of rising expenses or low income. Read more on this page.

  • IVA equity release

    Your equity in the property can be negative as well as positive. When you have a positive equity in the property, creditors can release the equity to secure their funds, if you go bankrupt. Read about the IVA equity in detail.

  • IVA annual review - What happen in case of change in income

    Your income and expenditure account is reviewed annually during your IVA tenure in order to ascertain whether your monthly payment can be revised or not. Read more on this page about the impact of the IVA annual review on a debtor.

  • IVA early settlement - A lump sum amount to the creditors

    There can be several ways you can think of brokering an early settlement deal with your creditors. In many cases you won’t have to pay the full outstanding amount but your debts will be written off early. Read here to learn ways of early settlement in IVA.

  • IVA eligibility - Minimum criteria

    Choosing the IVA as an option to manage your debts, in place of declaring bankruptcy cannot be overruled. But, there are certain eligibility criteria for taking on an IVA. Learn about them more in this impartial article.

  • IVA Vs. DMP - Which can be the better choice?

    While DMP is an informal arrangement, IVA is a legally-bound agreement. An IVA can protect the rights of a debtor in a better manner. Read how an IVA can be a better option for you.

  • Paperwork for an IVA - Applying in the UK

    You need to take care of an essential paperwork while applying for an IVA. Check what all documents you will need for the purpose in this detailed guide.

  • Allowable expenditure during an IVA

    When you opt for an IVA, a monthly expenditure budget is set for you which you can use for your own living expenses. Keep a brief account of all types of expenses. Once the expenditure budget is set, you can’t alter it with your supervisor.

  • IVA expenditure guidelines for monthly payments

    When you set up your IVA it’s important that you carefully present your monthly income and expenditure in order to get a sustainable payment towards your IVA. This guide provides some useful advice on the topic.

  • Interview with Turn Debt Around part of Invocas Group

    Today we had the opportunity to interview Debt Around (Invocas Group). On this page you will find some general advice from their experts together with a brief overview of the negative effects of bankruptcy.

  • Eligibility for the British citizenship with IVA and bankruptcy

    Learn what impact it can be on your British citizenship application, if you have ever gone bankrupt or in IVA.

  • IVA vs DMP - A brief overview

    DMPs and IVAs are two most commonly used measures as debt solutions. Each one is having its own sets of benefits and limit. In this guide we provide a brief overview.

  • Will your Landlord find out about your IVA Application?

    When your IVA proposal is approved, it doesn’t come to the knowledge of your landlord automatically. But he can search your records online and can come to know about it. Read the whole article.