Who can benefit from an IVA?
An IVA is available to all individuals, sole traders, and partners who are experiencing creditor pressure. It is used particularly by those who own their own property and wish to avoid the possibility of losing it in the event they were made bankrupt.
It is also often used by sole traders and partners who have suffered problems with their business but wish to secure its survival as they believe it will be profitable in the future which will enable them to make a greater repayment to creditors than could otherwise be expected were they made bankrupt and the business consequently cease trading.
To qualify for an IVA, you should normally:
• Have in excess of £15,000 debt
• Have 3 or more creditors
• Be able to afford the monthly repayment
For more information, call us on
0800 16 999 46 or simply fill in the online application form above. Our initial advice is free and completely confidential so why not give us a call today...
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Insolvency Practitioners at Money Debt and Credit Ltd act without any personal liability
Money Debt and Credit Ltd, Registered in England & Wales No.05588842.
Registered Office: 45 Clarendon Road, Watford WD17 1SZ