Expert IVA advice from Churchwood

  • Debts over £15,000 & 3 or more creditors ?
  • Repayment problems ?
  • Looking for Good Advice ?

If the above applies to you, then you may qualify for an 
IVA (Individual Voluntary Arrangement)
. This will allow you to make just the payments you can afford, for a set period – after which the remaining debt is legally written off.


Reduce your debt by up to 75% You only need payback in total what you can afford over a period of 60 months.
Slash your monthly credit repayments Just payback what you can afford each month.
Reduce your repayment period In 60 months you will be debt free
Guaranteed – the rest is written off.
Stops interest and charges Your debts will not increase and interest will be frozen .
Stops harassment Stops creditors and debt collectors from chasing you.
Stops court action Can stop bankruptcy proceedings and administration orders.

What’s Difference between an IVA & Debt Management?

With Debt Management, you payback the full debt over as many months as it takes to clear. An IVA is for people with more severe debts, of at least £15,000, and little chance of repaying the full amount within 5 years. An IVA allows you to payback what you can realistically afford over 60 months. Any remaining debt, up to a maximum of 75% of the original total is written off. Debt Management is a informal arrangement with creditors, whereas an IVA is legally binding.