• Apply for an IVA
• IVA Questions
• What is an IVA
• IVA Pros and Cons
• IVA Information
• IVA Process

IVA Application Process

Step 1
Initially it will be down to you to gather the necessary paperwork for, without that, the IVA application can't proceed. Your advisor will highlight what paperwork you'll need during your consultation. When you have it ready, the paperwork can be picked up via a courier to save waiting for the post.

Step 2
A member of the team will draft your proposal and, after a brief chat with you, clarify the personal aspects that make your case unique. Your drafter will ensure that you have a chance to outline your circumstances to your creditors, giving you a chance to highlight elements of your financial history that help explain your need for financial help.

Step 3
Once the drafter has finished, you will be given your IVA proposal to read, check through and sign. Once returned, your drafter will book your creditors meeting. The creditors meeting is actually a virtual meeting at which your creditors decide whether they are happy to accept your IVA proposal. For the IVA to become legally binding on all your creditors you need to receive acceptance from 75% (in debt value terms) of your creditors. Once agreed, the IVA begins.

Step 4
The team at IVA.info provide a complete IVA support service.

This service begins with your IVA application, stays with you throughout the initial stages and your creditors meting and only ends with the final payment into your IVA. For the full duration of your IVA you'll have the reassurance that your personal advisor is available, ready and willing to help you with any aspects of your IVA.