IVA.TV – Implications of Entering into an IVA

IVA.TV - To speak to an UK IVA Advisor please call 0800 048 3651

Implications of an IVA (Individual Voluntary Arrangements):

  • Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement by way of a remortgage or a secured loan. We can help with this process at that time.
  • Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.
  • Failure to complete the term of an IVA can result in bankruptcy. Be sure you don't commit to paying more than you feel you can afford.
  • Creditors don't have to agree to an IVA. At the Creditors Meeting they can vote not to accept your proposal. This is common when one creditor has a large proportion of your total debt. Your insolvency Practitioner can advise on whether this is likely in your case.
  • An IVA is recorded on an IVA register (The Individual Insolvency register is a Public Record of Bankruptcies and Individual Voluntary Arrangements). Insolvency Gov UK provide useful additional information re the Register.
  • IVA's are advertised in the London or Belfast Gazette (although this is a credit publication and not generally read by the General Public).
  • If you were fortunate enough to come into a windfall e.g. win the lottery or receive an inheritance you would be expected to notify your Insolvency Practitioner and put this towards paying-off your debts. The Insolvency Practitioner can help with a 'Full and Final' IVA where a lump sum offer is made in full and final settlement of your debt.


IVA Note:
Entering into an IVA may adversely affect your credit rating for up to six years from the date of approval.

Your property will be protected within an IVA but you may be required to release all or part of any equity during the period of the arrangement.

Failure to complete the term of an IVA can result in bankruptcy.

We can help advise if an IVA may be RIGHT for YOU.

For further IVA Information, please click on the relevant links below:


SO WE CAN GIVE YOU OUR BEST ADVICE, PLEASE CALL NOW ON 0800 048 3651.

Alternatively submit your contact details so we can give you a call straight back (form on the right hand side of the page) or for a full application form please click here.

IVA.TV 0800 048 3651

© IVA.TV, 2009. All rights reserved.