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

8.3 out of 10
Trustpilot logo4-stars on trustpilot Based on count 291

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

They are very helpful in the matter at hand. They specialise in the problem you have, they listen to everything you have to say and are very professional.
View from an insolvency law client

Is your business owed money?

Cashflow is at the centre of any successful business. Invoicing early and chasing payment should help keep cashflow moving however sometimes your polite reminders just aren’t enough and the money you are owed isn’t forthcoming. Unpaid debts...

Read more

Twitter commercial

Everything you need to consider if selling your business in 2018

Whether you want to wind down, or are looking to make a fresh start, 2018 may be the year for you to sell your business. If you’re thinking about selling your business or you are already in talks to do so, it is beneficial for both you and the...

Read more

Commercial reorder

  • Jonathan Chadwick
  • Louise Hebborn
  • David Baybut
  • Kate Bullen
  • Chris Graves
  • Alistair Gregory
  • Philip Richardson
  • Julie Ball
  • Francesca James
  • Martha McKinley
  • Jessica Culshaw
  • Paul Davies
  • Matthew Halton
  • Julie Hunter
  • Adam Pennington​
  • ​Jonathon Waterhouse
  • Andrew Whitehead
  • Mark Williams
  • ​Karen Baron
  • Neil Marshall
  • Declan Gilroy
  • ​Kerrie Ainscough

We're always here for you

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.

Find your nearest Stephensons office and arrange a meeting

As an award-winning top 150 law firm, with over 450 staff based in offices across the country, you're never far from the advice you need.