IVA FAQ
An IVA can seem complicated, These questions are our most common and we have designed the FAQ to help you navigate them.
You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money. Further Information – The Insolvency Service has produced a Guide for people struggling with debt in the United Kingdom.
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We know debt can feel overwhelming, and it’s natural to have questions before making a decision. Our FAQ covers the most common concerns about IVAs and other debt solutions so you can understand your options with confidence.
What Is An IVA & How Does It Work?
An IVA (Individual Voluntary Arrangement) is a legal agreement with your creditors to pay back part of what you owe over a set period, usually 5–6 years. You make one affordable monthly payment, and at the end, any remaining qualifying debt is written off. It’s designed to help people who can’t manage their debts but want to avoid bankruptcy.
How Long Does An IVA Last?
Most IVAs run for 5–6 years. At the end, any remaining debt included in the IVA is written off.
Will an IVA Stop Creditor Calls And Letters?
Yes. Once your IVA is approved, creditors must stop contacting you and deal directly with your Insolvency Practitioner.
What if an IVA Isn’t Right For Me?
We’ll explain all the available solutions. If another option suits you better, we’ll refer you to a trusted partner for specialist advice.
Can All Debts Be Included In An IVA?
Most unsecured debts (like credit cards, loans, and overdrafts) can be included. Some debts like student loans, fines, or child maintenance can’t be.
Am I Eligible for an IVA?
Most people qualify if they have:
At least £7,000 of unsecured debt (like credit cards, loans, or overdrafts)
More than one creditor
A regular income
One Of Our Specialist Advisers will go through your situation to see if an IVA is the right fit for you.
How Much Debt Do You Need For An IVA?
There’s no strict legal minimum, but in practice, most IVA providers look for at least £7,000 of debt and two or more creditors. The reason for this is that under that you may qualify for other solutions that can match you needs
Contact UK Debt Support Today To See If You Are Eligible For An IVA
What Debts Can Be Included In An IVA?
Most unsecured debts can be included, such as:
Credit cards
Personal loans
Overdrafts
Store cards
Council tax arrears
Utility arrears
Secured debts (like mortgages) usually aren’t included, but you still need to keep paying them separately.
How Do I Apply For An IVA?
The first step is speaking to a licensed Insolvency Practitioner (IP) CLICK HERE TO SPEAK TO UK DEBT SUPPORT TODAY. We Will check your income, debts, and household costs, then put together a proposal for your creditors should you qualify If most of your creditors agree, your IVA starts, and you begin making one monthly payment
Can an IVA Stop Bailiffs Or Creditors Chasing Me?
Yes. Once your IVA is approved, all creditor action is legally frozen. That means no more bailiff visits, threatening letters, or calls about debts included in the IVA. Creditors have to stick to the arrangement
Will an IVA Write Off My Debt?
Yes — as long as you stick to the agreed payments. Once you’ve completed your IVA, any remaining unsecured debts included in it will be written off. Many people end up paying back only a portion of what they originally owed.
Can I Get An IVA If I’m Unemployed or Self-Employed?
If you’re unemployed with no income, an IVA usually isn’t possible. Other debt solutions may be better.
If you’re self-employed, an IVA can work, but it’s tailored around your business income and expenses.
How Much Does An IVA Cost?
There are fees, but you don’t pay them upfront. They’re taken from the monthly payments you agree to make. This means you only ever pay what you can realistically afford.
See Our Dedicated Page On Fees
Can I Keep My House Or Car In An IVA?
In most cases, yes. As long as you can afford your secured loan or mortgage payments, you should be able to keep your home and car. Your adviser will explain if there are any exceptions.
How Can I Get An IVA?
To Get An IVA You First Need To See If Your Eligible – Contact Our Dedicated Team Today To See How
Speak To Our IVA Experts Today
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Why Choose UK Debt Support?
We Listen To You
Debt is hard to face, but you don’t have to face it alone. We’re here to listen without judgement and help you take the first step forward.
We Understand
Every situation is different, and so are the solutions. With years of experience, we’ll guide you toward the option that works best for you.
We Work Together
Becoming debt-free is a journey, and we’ll walk it with you. Our team supports you at every step so you can focus on moving forward.
How Can We Help You?
At UK Debt Support, we specialise in IVAs. But we believe you deserve to know all the options available. If an IVA isn’t right for you, we’ll explain the alternatives and connect you with a trusted partner who can provide full advice on other debt solutions. Our goal is simple: to help you understand your choices, so you can make the decision that’s best for your situation.
IVA
Individual Voluntary Arrangement is a formal plan where you make one affordable payment, and any remaining debt can be written off.
DMP
Debt Management Plan is an informal arrangement to repay debts through smaller, affordable monthly payments.
DRO
Debt Relief Order is a low-cost solution that can write off debts if you have little income, low assets, and limited ability to repay.
Bankruptcy
Bankruptcy is a legal process that writes off debts you cannot repay, but your assets may be sold to cover what you owe.
We Can Help You Manage Most Kinds of Unsecured Debt, Including:
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You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money
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Registered Office: Second Floor A, Cheadle Place, Cheadle, Cheshire, England, SK8 2JX.
Adam Southard is authorised as a Licensed Insolvency Practitioner in the United Kingdom by the Insolvency Practitioners Association, We only provide advice after completing or receiving an initial fact find where the individual(s) concerned meet the criteria for one of our insolvency solutions, therefore, all advice regarding Individual Voluntary Arrangements (IVA) is given in reasonable contemplation of an insolvency appointment.
Adam Southard is licensed to act as an Insolvency Practitioner in the UK by the Insolvency Practitioners Association. Office Holder No. 11930
Insolvency Practitioner Directory- Insolvency Practitioner Details (bis.gov.uk)
What you need to know about Individual Voluntary Arrangements
(Insolvency Service)
We provide solutions to individuals throughout the UK, We Will help recommend solutions available to your circumstances in which you can then make an informed decision about which solution you qualify for is best for you and your circumstances.
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