Individual Voluntary Arrangements

An individual voluntary arrangement (sometimes known as an individual voluntary agreement) is a legally binding arrangement whereby you agree to pay back to your creditors as much as you can possibly afford. This method is considered for those people that have occurred debts mounting above £15,000.

• One affordable monthly payment.
• Provides a method of resolving your debt problems.
• Is a legal agreement where your creditors accept the negotiated terms.

We offer a comprehensive service where we appoint an Insolvency Practitioner (who is a specialised accountant) to forge a legally binding agreement to ensure that you can pay an affordable percentage of your outstanding debts to your creditors. The actual percent that is agreed is dependable on the amount that is owed to your creditors ans may be different for each of them. Individual voluntary arrangements are complex solutions that usually last for a period of five years. Providing you stick to the individual voluntary arrangement any balance of your debt outstanding after the five years is usually written off.

To speak to one of our advisors call Freephone 0800 092 6350 or use our Help Request Form.