What is an IVA?

An IVA (individual voluntary arrangement) is a formal agreement made between the person in debt and their creditors. an IVA stops your creditors taking further action against you to recover your debts.

You make payments towards your IVA over a set period of time (usually five years), after which any remaining debts are written off.

Once you enter into a IVA (individual voluntary arrangement) your creditors are legally bound to stop contacting with you as part of the terms of an IVA (individual voluntary arrangement)

Whilst there are no legal maximum or minimum amounts you must owe to get an IVA, usually you must owe at least £4,000 to get your creditors to agree to the IVA. You can owe this amount across more than one debt, with more than one creditor.

An IVA must be set up by a qualified professional, our dedicated team here at ivadebt.uk helps you through the process of an IVA by processing your IVA application and dealing with your creditors on your behalf.

IVA Calculator

Your Privacy Is 100% Safe With Us

Fantastic Help

IVA Debt UK are very helpful and sympathetic
and sorted everything quickly with no fuss.
I thoroughly recommend them.


IVA Debt UK handled the affairs of my husband and I. We found them to be trustworthy, efficient, helpful and understanding.

How does IVA Calculator work?

  1. Based on the details you provided, IVA calculator will determine whether you qualify for IVA or not.
  2. It will also calculate the amount of debt you can write off with an Individual Voluntary Arrangement – IVA.
  3. Our IVA calculator will send your results to your dedicated adviser.
  4. We do not charge any setup fees.

Basic criteria to qualify for IVA

  1. Your total unsecured debts are £5,000 or more.
  2. You have 2 or more creditors.
  3. After all your necessary expenses are covered, you have a monthly surplus income of minimum £80.

It is possible that some other debt solution is best for you, to know call our 24hr helpline 0800 088 2599

IVA – Frequently Asked Questions
example-debts-what is an iva

iva-debt-uk-logo-what is an iva

The Money Advice Service is an impartial service set up by the Government. They provide free debt counselling, debt adjustment and credit information services. www.moneyadviceservice.org.uk

© 2018 ivadebt.uk. All Rights Reserved | Disclaimer: ivadebt.uk is an independent lead generation website created to help users find the best possible financial help for their circumstances. Our service is 100% free to use. Following completion and submission of our form, we will introduce you to one of our select debt partners who will contact you via telephone using the information you have provided here on the website.

what is an iva, iva, individual voluntary arrangement, individual voluntary agreement, uk debt relief, iva calculator, what is an iva, iva application, iva debt, debt recovery, iva application