An Individual Voluntary Arrangement (IVA) is a legal agreement reached between an individual or sole trader to make regular monthly payments on outstanding debts, allowing you to pay back what you can afford to.
Payments usually last about five years and CCJs and bailiff action will be stopped from pursuing you once the IVA is in place. It is a good alternative to bankruptcy when you are looking to protect assets such as your home.
Business Rescue Expert is part of Robson Scott Associates Limited, a limited company registered in England and Wales No. 05331812, a leading independent insolvency practice, specialising in business rescue advice. The company holds professional indemnity insurance and complies with the EU Services Directive. Christopher Horner (IP no 16150) is licenced by the Insolvency Practitioners Association