Yes, you can be a company director if you have an IVA. One of the main reasons a company director may consolidate their debt issues by using an IVA compared…

If you are a sole trader and you can no longer pay your debts, you may be insolvent and wish to enter insolvency. This means that your debts are greater…

In an Individual Voluntary Arrangement only unsecured debts can be included for repayment. Unsecured debts are financial obligations that are not linked to any specific collateral or asset. These can…

A lump sum Individual Voluntary Arrangement (IVA) is a financial arrangement that offers individuals a way to settle their debts through a single payment. In this type of IVA, the…

Individual Voluntary Arrangements (IVAs) are one of the most popular debt management solutions available in the UK. IVAs have their advantages and disadvantages, which need to be weighed carefully by…

An IVA lasts for 5 years (60 months), although within the Insolvency Act 1986 there is no set length. In some circumstances, you maybe able to offer your creditors a…

Yes, a bounce back loan can be included in an IVA if you are a sole trader. The Bounce Back Loan Scheme (BBLS) opened for applications on the 4th May…

IVA and bankruptcy are two different paths that individuals who are struggling with debt can take to manage their financial situation. While both options have the potential to provide relief…

Yes, you can start a business whilst in an IVA. Starting a business can be an exciting and rewarding endeavor, but it can also be challenging, especially if you’re already struggling…

Yes, once an IVA has finished is it possible to get a mortgage, you’ll likely have many unanswered questions in regards to mortgages and the entire financial side of home…