Stephensons Trustpilot stars
Based on count 941
View all reviews

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

4.7out of 10
4.7 score on Trustpilot Based on count 941

We're Great

It is our business to deliver legal services that work for our clients, and you can trust our specialists to take care of things on your behalf.

Our Trustpilot reviews

What is an administration order?

An administration order could be a way to deal with debt if you have a county court or High Court judgment against you and you cannot pay in full. But who qualifies for an administration order and which debts are included? An administration order is an...

Read more

Twitter commercial

@CommercialLLP

HSE inspecting businesses for COVID-secure measures

The recent spike in coronavirus cases in the North West has seen the HSE taking action by visiting businesses in Blackburn and surrounding areas to ensure they are COVID-secure.  The inspectors are working alongside local public health authorities and...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Martha McKinley
  • Paul Davies
  • Jonathon Waterhouse
  • Jessica Charnock​
  • Julie Hunter
  • Adam Pennington​​
  • Andrew Whitehead
  • Sebina Noreen Malik
  • Mark Williams​
  • Martin Haisley
  • Terri Meehan
  • Laurence Searle
  • Kenneth Tang
  • Neil Marshall
  • Declan Gilroy​
  • ​Kerrie Ainscough
  • Matthew Smith