To see whether an IVA can help you. Simply complete the form at the side of this page and you are on your way!
We’ll provide a decision on whether you provisionally qualify and then confidential, tailored advice from a qualified team member on whether an IVA is suitable for your individual circumstances.
Take the first step and we will support you through.
What is an IVA?
Put simply it is a proposal of payment to your creditors based on what you can realistically afford to pay over usually 60 months. It allows you to put forward a fair and equal offer of repayment to your creditors where there is no ability for you to repay them in full within a reasonable time (usually considered to be 5 years). It freezes interest and charges to ensure your debt cannot increase and protects you and your essential assets such as your home or car against any further collections activity by your creditors.
If you have unmanageable unsecured debts of more than £6,000 then an IVA could help you regain control.
An IVA Can
- Ensure an affordable monthly payment
- Stop interest and charges
- Prevent further chasing from your creditors
- Stop further collections activities
- Protect your home and other essential assets
- Provide a realistic repayment term (usually 5) years
- Legally write off the unsecured debt you can’t afford to repay
Protecting Your Privacy
Your privacy is important to us. Your details will be kept strictly confidential and used only for the purposes of answering your enquiry and in accordance with our Privacy Policy. By submitting your details, you agree that you have reviewed and accepted our Privacy Policy.
Data Protection Registration Number: ZA450309.
Important Information
Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on successful completion of an IVA. If your IVA fails, it could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected for the medium to long term. Homeowners may be required to release equity in their property, subject to certain criteria. If unable to release equity and equity is available an additional 12 months payments may be requested in compensation.
Financial Support Systems provides insolvency solutions to individuals, specialising in IVAs. We do not administer or provide advice relating to debt management products, such as Debt Management Plans. Advice and information on alternative options will be provided following an initial fact find where the individual(s) concerned meets the criteria for an IVA and wishes to pursue it further, as governed by our Insolvency Practitioners' regulators, the Institute of Chartered Accountants in England and Wales. All advice given on any alternative options is therefore provided in reasonable contemplation of an insolvency appointment.
MoneyHelper is a free, impartial service set up by the Government to help people make the most of their money. We have no affiliation with MoneyHelper. If you would like to learn more click here.
The Association of Business Recovery Professional, known as R3, produce a booklet called "Dealing with money worries - A guide to your options". This is a very helpful summary of the various options for dealing with debt and a copy can be found at the following link. Please also see link to 'Voluntary Arrangements - A Guide for Creditors on Insolvency Practitioner Fees'.