If an IVA isn’t the right solution for a customer, whether they can’t meet their repayments or they didn’t want to be in it anyway, it’s likely they’ll fail.
The proposal contains a complete assessment of the personal and financial circumstances of the applicant, laid out for the creditors to consider.
Background There has been a substantial increase in the number of IVAs being entered into over the past 6 years, largely as a result of changes in the regulatory landscape. In April 2014, the Financial Conduct Authority (FCA) were tasked with introducing stringent regulations into some previously unregulated areas within the debt management sector, when …
Talk to the not for profit IVA specialists now 0800 856 8569
IVAorg CIC,
Ocean Business Centre,
Ocean Street,
Altrincham,
WA14 5QL
0800 856 8569
'IVAorg' and www.iva.org are trading styles of IVAorg CIC a Community Interest Company: No. 08560305
Authorised and regulated by the Financial Conduct Authority (FCA): (FRN) 684439 and regulated under the Data Protection Act 2018: Reg No. ZA033231
Member Firm of the Insolvency Practitioners Association: Membership Number 901064
Suzanne Payne is licenced to act in the UK as an Insolvency Practitioner by the Insolvency Practitioners Association and she is bound by the insolvency code of ethics in carrying out all professional work relating to an insolvency appointment. IPA Membership Number 100358
In accordance with the Financial Conduct Authority's guidance, please follow this link if you would like to read a guide about the options for paying off your debts. To find out more about managing your money and getting free debt advice, visit Money Advice Service , an independent service set up to help people manage their money.
