Full & Final IVA

An Individual Voluntary Arrangement “IVA” can provide for a lump sum payment to be made to creditors. This is likely to be appropriate where your client simply has insufficient surplus to make monthly contributions, however a lump sum settlement is available to offer creditors.

Normally the lump sum is raised by remortgaging their property or introducing a lump sum from relatives. For individuals over retirement age, an equity release scheme may be possible.

Charges to your client

As soon as your client decides to proceed with an IVA then their payments to creditors cease and contributions towards their IVA start. These will be set at a figure which they have agreed they can afford.

The fees will be similar to fees detailed under IVA.

Revenue Share

Please click here to see details of our revenue share for Full & Final IVA clients

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All debt solutions should be very carefully considered. Fees will be charged to the client if a solution is taken in order for us to set up a plan and maintain it - all fees will be outlined during the consultation. The Debt Advisor complies with the Consumer Credit Act and clients have the right to a cooling off period of 7 days. It is likely that their ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term