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What is an IVA?

An Individual Voluntary Arrangement or IVA is a formal agreement, between you and the people you owe money, to pay part or all of your debts over an agreed period of time.

Due to its formal nature, you will need to employ an Insolvency Practioner to administer your IVA.

An IVA can reduce your monthly payments and the total amount you are required to repay. It gives you more control over your assets and how debts are repaid, but the terms must be agreed by your creditors before an IVA is legally binding.

Write off your debt by up to 75% with an IVA. See if you qualify. Take the 60 second debt test at Cut Your Debt by clicking here

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