Can I avoid Bankruptcy with an IVA? Use our online calculator
Can I avoid Bankruptcy with an IVA? Use our online calculator
Use our FREE online calculator to search the alternatives
- Debt Management Plans Freeze your interest and extend your repayment terms...
- IVAs You could see much of your debt written off with an IVA
- Consolidation Loans Use the equity in your home to reduce your monthly payments
We work with these top UK providers
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Money, Debt & Credit
Write off up to 60-70% of your debt, and just pay back what you can afford
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Debts.co.uk
Offer one reduced monthly payment and interest and charges stopped
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Why should I avoid Bankruptcy?
Loss of assets
Any property you own is normally sold. Other significant assets such as a car may also be sold.
Lack of control
Once started, a bankruptcy is out of your hands.
Credit status is ruined
Impossible or very difficult to get a mortgage, loan or credit card.
The bankruptcy is advertised in the newspapers.
Certain employers will not accept someone who is or has been bankrupt.
Why could an IVA be better?
Possibility to retain assets
It usually means that you can keep your home and other assets such as your car.
You're in control
How much you can afford to pay off each month is agreed by you.
Better credit status
Lenders see an IVA as less severe than bankruptcy.
It is NOT advertised in the newspapers.
Many employers do not require information about current or previous IVAs.