An IVA Debt Solution can help people with debt problems...

An IVA Debt Solution can help anyone who is experiencing debt problems - particularly those who own property which they would risk losing if they were to be made bankrupt.

An IVA bebt Solution might benefit you if:

• You owe money to people or companies that will not agree to an informal debt management arrangement
• You have already tried an informal arrangement, but it has failed.
• You owe money to so many creditors that an informal debt management arrangement would be impractical
• You are facing possible bankruptcy, or you have already been made bankrupt and you want to reverse the situation

Other benefits of an IVA Debt Solution

• You may well be running a small business which would be difficult to keep going if you were bankrupt.
• You may be a profession where you could lose your job if you go bankrupt such as accountancy/police/armed forces.
• You may have access to a large lump sum and want a formal arrangement with your creditors to accept the lump sum and write off the rest of the debts.
• You may have a very high monthly available income to make payments.
• You will not automatically lose your house or other assets which can be kept out of the IVA with the agreement of the IP and your creditors, although the creditors will usually want most of the equity in your house.
• You will not have the same restrictions on you as you would if you went bankrupt, e.g. you can still use your bank account without saying you have an IVA Debt Solution.