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3 Steps to Recovery
What are the different debt solutions out there?
What is an IVA?
What is a Debt Management Plan (DMP)?
What is Bankruptcy?
What is a Debt Relief Order (DRO)?
What is an Administration Order?
Applying for an IVA
Is an IVA right for me?
What are the criteria I need to meet to apply for an IVA?
What will my monthly payments be?
What is the cost of an IVA?
What debts can be included in my IVA?
How long does it take to arrange an IVA?
Will I have to close my bank account?
What happens to the interest on my debts?
What happens if I don’t qualify for an IVA or my proposal is rejected?
Is my home safe in an IVA?
Can I apply for an IVA if I do not own my home?
What if the opportunity arose for me to buy my own home while I am renting and still in my IVA?
What happens to my secured loans in an IVA?
I own a property overseas, do I need to include this in my IVA?
Can I apply for an IVA if I am self-employed?
Can I still keep my company as a business-owner?
If I enter an IVA, can I still retain a position of public office, eg Company Director?
Can I enter an IVA if I am not in full-time employment or unemployed?
How are joint debts affected?
What happens if I lose my job during my IVA?
What happens if I am made redundant?
I will be going on maternity leave, will this affect my payment plan?
What if I come into money or get a pay rise during my IVA?
What happens if I am struggling with my monthly payments?
General IVA FAQs
Why do I need an Insolvency Practitioner for an IVA?
Can creditors change their mind once the IVA has been agreed?
Is my proposal guaranteed to pass the creditor review?
Will I have recovered from my unsecured debt in five years?
What happens to my credit rating in an IVA?
Is it true that an IVA will write off the remaining debt that I cannot afford to pay?
What happens when my plan is approaching completion?