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 0203 816 9303 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 857

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

Company restructuring - preparation for sale

There can be a number of reasons a business may choose to restructure. Including the plan to sell the business , merge, grow, develop into new markets, or prepare for a management buy-out. This could mean that part of the business needs to be transferred...

Read more

Twitter commercial

@CommercialLLP

Stephensons supports clients through pandemic

Stephensons is operating an agile working approach to assisting clients and is still open for business in the face of the coronavirus pandemic. Following the guidance issued by Public Health England (PHE) the firm’s services remain open 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