Click Below to Review the Standard Terms and Conditions for IVA's
IVA Standard Terms and Conditions
MD&C Data Protection Statement
A Guide to Fees
Insolvency Staff's Hourly Charge Out Rate
MDC Grievance Handling Procedure
Only applicable for an Individual Voluntary Arrangement (IVA) - Conditions Apply: Subject to eligibility. Debt write off applies only where an IVA is suitable, adhered to and at the end of the arrangement. This relates to unsecured debts that were included in an IVA and does not include any secured debts, mortgages or Hire Purchase items. Alternative solutions may be offered if they are appropriate for your circumstances. Failure to adhere to an IVA can result in bankruptcy. An IVA should only be considered in extreme circumstances. It is a formal, legal agreement supervised by an Insolvency Practitioner and will seriously affect your credit rating for, in some cases, generally up to 72 months, after initial default.
Fee Payable – this is paid out of your agreed monthly contributions in your IVA and you will be notified of this in advance. Homeowners may be required to re-mortgage/ introduce funds, during the term of the arrangement.
Money Debt and Credit Group Plc: Registered Office: 45 Clarendon Road, Watford, Hertfordshire, WD17 1SZ. Financial Service Authority Number: 461643, Consumer Credit Licence Number: 593490.
