COVID-19: Update

The team at IVAorg are committed to keeping our free helpline open. In the space of just a few days, life has changed completely for all of us. We hope you are managing to adapt during this very difficult time and whatever happens, we are still here and will continue to give guidance, support and advice to all those experiencing financial difficulties during this uncertain time.

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IVA Process

Here is the IVA application process in 5 simple stages.

The application process normally takes between 3 to 4 weeks to complete.

  1. The Consultation

    First we determine whether proposing an IVA is in your best interests by way of a telephone consultation.

    Once we've established that an IVA is worth considering, we'll then discuss your alternative options just to make sure that proposing an IVA remains your preferred choice.

  2. Your Proposal

    Having decided you want to apply for an IVA, we'll request from you some supporting documentation that we'll need in order to prepare your IVA proposal.

    Once complete, we'll then send you a copy of your IVA proposal and allow you a time to read it through it before asking you to sign and return it.

  3. The Creditors' Meeting

    A virtual creditors' meeting will be arranged, to provide your creditors an opportunity to vote on your IVA proposal.

    Assuming the required majority agrees to accept your IVA proposal at the meeting, the IVA is considered approved from this point.

  4. Your IVA Agreement

    Once your IVA has been approved, all interest is immediately frozen, all charges and late payment fees are stopped and creditors must refrain from contacting you.

    You are now legally protected by your IVA and your creditors forfeit any right to take legal action against you, ensuring your home and any other assets are safe.

  5. Debt Free

    On successful completion of your IVA, you will be provided with a 'Completion Certificate'.

    All remaining outstanding balances from your original debt are now legally written-off.

    You are now officially debt free.

Take The First Step

To find out if an IVA is the most suitable solution for you, complete the form below and one of our friendly advisers will contact you at your requested time to discuss what solutions available to you

Request a Call Back

Key Information
  • We only use your personal data for the purpose for which you provided it.
  • We only share select data with external parties where it is necessary in relation to the services that you have requested we carry out on your behalf, and we'll always ask for your consent beforehand, or if we are required to do so by law.
  • You can always get in touch to ask us what personal data we hold and to correct and update your data if anything changes. For an overview of your rights check out our Privacy Policy.
  • By checking the “Agreement and Consent” box you agree and give your consent for us to use your information for the purpose described.
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