See if you could qualify to write off debt

Write Off Up To 75% Of Your Debt with an IVA

We are here to help you find an easy way to escape personal debt

  • Stop interest and demands
  • Pay just one lower payment
  • One monthly payment for all your debts
  • Reduce your debt by up to 75%*

Complete the form and we can see what help is available

The above statement is in relation to an IVA solution and subject to specific criteria

Stop interest and demands. See if you qualify

Millions of people struggle with debt. You’re not alone, talk to us.

Reduce up to 75% of all debts*

Lower your repayments

No upfront charges to pay

Stop creditors harassing

Pay an affordable amount each month

Freeze interest rates and charges

The above statement is in relation to an IVA solution and subject to specific criteria

Check if you qualify

How much debt do you have?

Roughly how much unsecured debts do you currently have?

£5,000 - £10,000
£10,000 - £15,000
£15,000 - £20,000
£20,000 - £30,000

Whats your main type of debt?

Please just select your main debt type

Store cards
Credit cards
Car finance
Phone bills
Personal loans
Payday loans

Are you behind on payments?


How many debts do you have?

The number of different creditors do you have


What country do you live in?

Where about in the UK do you live

Northern Ireland

Congratulations, get your results!

We have a solution for you. Please enter your details and get your results.

How We Can Help

Example Unsecured Debt

  • Loan


  • Loan


  • Loan


  • Credit Card


  • Council


  • Payday Loan


  • Total owed


Customer repayments before & after an IVA

Before an IVA


(Total Contractual Repayments)

After an IVA


(Total Contractual Repayments)

Reduced by 70%

* monthly payments are based on individual financial circumstance

Individual Voluntary Arrangements (IVAs)

An Individual Voluntary Arrangement (IVA) is an agreement with your creditors to pay all or part of your debts. You agree to make regular payments to an insolvency practitioner, who will divide this money between your creditors. An IVA is a legally binding agreement which usually lasts for 5 years.

An IVA can give you more control of your assets than bankruptcy.

The Money Advice Service has information on organisations that can give you free advice about whether an IVA is right for you.

This debt solution is not available if you live in Scotland

Get an Individual Voluntary Arrangement (IVA)

Use an insolvency practitioner to get an IVA.

Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You’ll have to give details about your financial situation, for example your assets, debts, income and creditors and your credit rating will be affected.

Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts by value agree to it. It will apply to all your creditors, including any who disagreed to it.

An IVA will stop your creditors taking action against you for your debts.

Your responsibilities

Your IVA can be cancelled by the insolvency practitioner if you do not keep up your repayments. The insolvency practitioner can make you bankrupt.

If there is equity in your home, you will need to try to re-mortgage which may result in a higher interest rate or, if no re-mortgage is available, the IVA may be extended for an additional 12 month.

You may still be able to keep your business running, if you have one.

Public records

Your IVA will be added to the individual insolvency register. It’s removed 3 months after the IVA ends.

Advantages of an IVA

  • A way to avoid bankruptcy
  • Make one affordable manageable monthly contribution
  • You only repay what you can afford after taking into account your personal circumstances
  • Legal action by your creditors is stopped, as long as you make your IVA monthly contributions
  • The interest on your debts is frozen
  • Any debt included in your IVA, that you have not repaid at the end of your IVA, is written off
  • You could become debt free in five years as once you’ve made your final contribution, any remaining debts within the IVA are written off
  • No upfront fees are charged – the Nominee and Supervisor fees are deducted from your agreed monthly contribution
  • You will stop paying interest on your debts from the day your IVA proposal is approved and for the duration of the IVA, as long as you continue to make your agreed contributions
  • An IVA stops unsecured creditors harassing you
  • Creditors and debt collectors can’t legally pursue debt repayment once an IVA is in place, whether they agree to the IVA or not
  • An IVA means you reach an agreement with your creditors whereby they cannot bankrupt you if you maintain the agreed IVA contributions

Disadvantages of an IVA

  • A fee is charged by both the Nominee and the Supervisor in respect of these services, both of which are included within your contribution and the time frame
  • Your credit file will be affected and the footprints of an IVA will remain on your credit file for six years
  • If you go against the terms of the IVA then you could face bankruptcy proceedings
  • It is the decision of your creditors whether or not an IVA proposal is approved
  • IVAs typically include a “windfall” clause, which means if you  come into some money (e.g. an inheritance) this is taken into account and you could be required to make increased payments or contribute all of any windfall
  • If your income increases (salary, bonus or overtime) throughout the lifetime of the IVA your monthly contribution may increase
  • Any debts that can’t be included in your IVA will be your responsibility to pay, for example court fines, student loans or money owed under family court proceedings (these debts will be considered when calculating your expenditure to ensure that payments to these debts can be maintained throughout the duration of your IVA)


The costs involved in an IVA are:

  • A nominee fee
  • A supervisor fee
  • Disbursements

The nominee fee is the cost for helping you to put the IVA proposal to your creditors. This is subject to approval by your creditors. Depending on who your creditors are and the amount of your monthly contribution it could be either the first five payments into the IVA, or £2,000.

The Supervisor fee is 15% of any further realisations, to cover the on-going costs of the IVA. So, if you entered into an IVA you'd pay monthly contributions or money from assets to pay the nominee fee at first. Then any remaining money you'd pay towards it would go towards the Supervisor fee.

See what debt solutions are available for you

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Finding the right solution

Our new enquiries team we will be able to help you visualise your debt in a whole new light. The team are empathetic and supportive of all whom need support – and will not just help you to understand and gain confidence on your ability to clear debt, but will help you identify which solution best suits your personal circumstances.

We are experts in insolvency and help thousands of people every year write off the debt they can’t afford. Our talented team are on call for you.

Get help to start reducing your debt repayments

Check if you qualify