If you have a substantial amount of unsecured debt, usually around £15,000 or more, an Individual Voluntary Arrangement (IVA) could be your best solution.

It acts as a legally binding agreement between you and your creditors, effectively freezing interest charges and setting an affordable monthly payment amount over an agreed fixed period, usually 5 years.

Some of the benefits of an IVA are

Write off unaffordable unsecured debts.

One single monthly payment.

Fixed term usually 5 years.

Protection against further creditor action.

Your creditors are legally bound by the terms of the arrangement.

A true and viable alternative to bankruptcy.

A IVA is between you and your creditors so there are no public notices or announcements

Best of all, you will know exactly how to budget as you'll know exactly what you have to pay each month - and for how long.

We are here to help whatever your circumstances: divorce, illness, losing a job or a business, starting a family or simply over-committing ourselves can all make our debts get out of control.

For more information on IVA's click here or call us for a free consultation.