IVAuk are a leading IVA firm providing professional advice to those who find themselves in financial difficulty...
An Individual Voluntary Arrangement (IVA) is a formal agreement between a person and their creditors. If a person can not make their repayments in full but are able to pay something each month then an IVA proposal can be established. The proposal sets out exactly what the person will pay their creditors each month. This is normally over a period of five years.