IVA - There are plenty of debt advisers around.  Why should I instruct you ?

There are many IVA companies around, the largest of whom get a considerable volume of work from satellite TV and tabloid newspaper advertisements.  These companies have large numbers of unqualified junior advisers who use a tickbox and form-filling approach to IVAs, this can often work but the success rate is lower because they can't always take account of individual needs and situations.  Their approach is to use a pile-em-high, sell-em-cheap method to get the volume of work to keep their staff fully utilised.

As a qualified Insolvency Practitioner trading as a sole practitioner, your case will be personally handled by me from start to finish.  My practice was set up in 1996 and I have considerable experience of putting proposals proposals together that will achieve creditor approval yet still be achievable by clients.  My approval rate is around 95% of proposals put forward.

Before setting up my practice I worked on the other side of the fence representing creditors at IVA meetings, I am therefore well placed to advise on proposals that are likely to meet with creditor approval.

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IVA Questions and answers.

I have serious debt problems. What are the options ?

How do I know whether an Individual Voluntary Arrangement (IVA) is the best answer to my problems ?

How do I work out how much I can afford to pay per month ?

OK I'm considering an IVA . How does it work ?

Do I have to attend meetings, or can this all be done by correspondence ?

What do creditors expect from it and how likely is it they'll accept it ?

Are all of them forced to accept the majority decision ? I've got one hell bent on making me bankrupt.

What happens if they don't like the deal ?

If the IVA is rejected, do I owe you anything ?

I've buried my head in the sand, now I've got a bankruptcy petition hearing next week. Is there something that can be done at this late stage ?

Will it really write off all of my debts ?

Will I live in poverty for the duration of the IVA ?

What if I win the lottery or get a big pay rise ?

Will it appear in the newspapers ? Will people know about it ? Will I ever be able to get credit again ?

Is an IVA more expensive than just going bankrupt ?

What will happen to my house, furniture, car and domestic effects ?

I run a business. What will happen to my business ?

I'm a professionally qualified person. Will I lose my livelihood ?

My partner has no debts, and I'm living with him/her. Will he/she have to contribute to the IVA ?

My partner and I have joint debts. Can we lump them all together in the same IVA ?

How do you get paid ? What does this all cost ?

There are plenty of Insolvency Practitioners or debt advice companies around. Why should I instruct you ?

What happens if I'm unable to keep up with the payments ?

What happens at the end of the arrangement ?

What other web sites do you suggest I look at for bankruptcy/IVA advice ?

Please note that this site deals only with personal insolvency law in England, Wales and Northern Ireland. By law, only a Licensed Insolvency Practitioner can undertake an IVA for you. If you need an Insolvency Practitioner in Scotland, visit The Institute of Chartered Accountants of Scotland.

Copyright © Philip Beck Insolvency Practitioner, Cambridge UK, 2005. Bankruptcy and individual voluntary arrangements explained. Free IVA Advice. How to avoid bankruptcy with an Individual Voluntary Arrangement. Debt, debt advice, debt management, debt consolidation.

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