• 0161 696 6170
  • Request a callback
Stephensons Solicitors LLP Banner Image

Individual voluntary arrangement (IVA)

An individual voluntary arrangement (IVA) is an alternative option to bankruptcy for individuals where debts have become unmanageable. Unlike informal debt management plans an IVA is a legally binding agreement between you and your unsecured creditors. 

An IVA can be a preferred option for many people as it allows breathing space from creditors and repayments are assessed on what you can realistically afford to repay. When entering an IVA your creditors agree to freeze any interest and charges by accepting a fixed monthly payment usually over the course of five years.

Our insolvency lawyers can advise if an individual voluntary arrangement is right for you and can support you through the process from start to finish. For advice call our legal specialists on 01616 966 229 or complete our online enquiry form and a member of the team will contact you directly.

loading staff

Construction disputes examples

Construction projects are complex, time‑critical and document heavy. When things go wrong, disputes can arise quickly and become costly if not managed properly. This page sets out practical construction disputes examples to help you recognise common...

Read more

Alternative dispute resolution in construction

Construction projects move at pace, with tight programmes, complex supply chains and significant sums at stake. When disagreements arise, the priority is to protect cash flow, manage risk and keep works progressing. Alternative dispute resolution in...

Read more

Insolvency team reorder

  • Louise Hebborn
  • Julie Hunter
  • Andrew Whitehead
  • Jade Fairhurst
  • Matthew Smith
  • Neil Marshall
  • Georgia Gaffney
  • Aaron O'Brien