How long does it take to set up an IVA and what is the process?

It usually takes between 1 and 2 months to get your IVA set up.

During this period of time, the process includes:

• Obtaining a financial fact find from you including details of your assets and liabilities and a monthly income and expenditure statement
• Drafting your IVA proposals
• Filing documents in court
• Convening the creditors meeting to consider the proposals, and
• Reporting upon the outcome of the meeting to all relevant parties

You do not need to attend the meeting of creditors

Creditors vote by proxy sent to us either by post, fax or email

Getting in touch with an insolvency expert for free debt advice is as easy as picking up the phone. Call the Re10 Debt Advice Helpline on free phone 0800 169 1536