Are you considering an Individual Voluntary Arrangement (IVA)?
Before considering an IVA it is of real importance that you get expert legal advice about whether the companies which claim you owe them money have title to an enforceable claim against you and can prove the value of that claim.

An IVA is a formal insolvency process. It involves a legally binding commitment with a risk of bankruptcy if the terms of the arrangement are not complied with.

IVA providers make profits out of the monies paid into the arrangement and some pay large fees to third parties who ‘sell’ IVAs and introduce customers to them.

This practice creates a risk that people may be ‘sold’ an IVA when it is not the right solution for them.

In our experience, IVA providers do not take the necessary steps to ensure that only companies who can prove the title, value and enforceability of their claim against you are included in an arrangement.

If you are considering an IVA or any other insolvency solution, please talk to us first.

If you are now in an IVA then you have made a legally binding commitment which we are not able to disturb.

However, if you believe your IVA has failed and no bankruptcy proceedings have been taken against you it may well be worth contacting us to see if we can help.