What is an IVA?

An individual voluntary arrangement (IVA) is a legal agreement between you and your creditors (the companies you owe money to). It is used to pay back your unsecured debts over a fixed period of time, typically five years.

An IVA can only be created by an Insolvency Practitioner Someone that deals with the companies you owe for you.

YourIVA.co.uk is here to:

  • Make sure you qualify for an IVA.
  • Help you understand if an IVA is right for you or not.
  • Help you set up your IVA plan if you choose to go ahead with it.
Debt Consolidation

What is included in an IVA?

An IVA is applicable for unsecured debt only, such as:

  • electric and gas debts

  • tax debts

  • bank overdrafts

  • credit cards

  • catalogue debts

  • loans such as bank loans and payday loans

  • store cards

  • council tax arrears (in some situations)

What is not included in an IVA?

  • maintenance arrears subject to court order

  • child support arrears

  • magistrates court finds

  • student loans

How it works

  1. Getting Started

    Fill out the Your IVA Checker form, so we can help you decide if an IVA is the right solution for you.

  2. Calculate your potential IVA payment

    If your circumstances indicate that an IVA is the right solution, you will be guided through a budgeting process to help calculate your potential IVA payment.

  3. Your IVA is agreed with the companies you owe money to

    This is taken care of for you, which means  you don’t need to have any contact with the companies you have debts with. Yours debts and interest charges are frozen. Your stress stops here.

  4. You make the agreed monthly payments until your IVA plan ends

    You make just one payment each month to the Insolvency Practitioner. They take care of making the payments to the companies you have debts with.

  5. You complete your IVA

    When your iVA is complete, your remaining debts are written off (cancelled).


Questions? We're happy to help

Contact Us
YourIVA.co.uk logo

Debt doesn't need to be stressful

More info

Damaz Building, Office 1, Sharp Street, Manchester, M4 4BZ

Youriva.co.uk is a trading style of Regional Legal Limited regulated by the FCA in respect of regulated Claims Management and Debt Advisory activities. FCA number: 830819

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
Call Now Button