Depending on your circumstances, an IVA can help you get back on track financially. Learn how to make your debt recovery experience a success story
If you’re struggling with your repayments, exploring your debt relief options can help you decide whether an IVA is right for you or not. Read
Individual Voluntary Arrangements are growing in popularity, with almost 90,000 issued in 2022, but they’re not right for everyone. Find the information you need to
An Individual Voluntary Arrangement (IVA) can help you get on top of your debts and make affordable repayments, but terms and conditions apply. Find out
If you’re considering entering an IVA, you’ll need to find an IVA company to help. But how can you find the right one for you?
If you’re struggling to keep up with your debts but don’t want to fail to pay, an IVA could be the solution. Check out our
No matter your financial situation or difficulties, we can provide you with the right advice and support to help you become debt free.
Alternatively, if you’d like to speak to one of our advisers for expert advice call us.
Lucy Novo Deakin is a licensed insolvency practitioner in the UK by the Insolvency Practitioners Association (IPA).
My Debt Plan Ltd provides insolvency solutions to individuals, specialising in IVA’s. All advice given is provided in reasonable contemplation of an insolvency appointment. Where you are not suitable for an IVA, we may refer you to one of our trusted partners who specialise on alternative solutions, and as such we will receive payment for the introduction if you enter into a debt solution with one of our partner companies.
Registered address 2nd Floor Blenheim Court, Cheadle, Cheshire, England, SK8 2JY Company Registered in England and Wales Number 10992838 Data Protection ZB284067.
To find out more about managing your money and getting free advice, visit Money Helper, an independent service set up to help people manage their money.
*Our advice on your options is always free. We will always notify you if a solution you choose has any cost.
**Of 2,381 IVA cases approved between January-December 2023, the average expected write off assuming successful completion is 74%.
A debt write off amount between 25% and 75% is realistic, however, the debt write off amount will differ for each customer upon their individual financial circumstances and is subject to approval of their creditors. Any remaining qualifying unsecured debt in your IVA will be written off, however some unsecured debts will be excluded, such as court fines, child maintenance and student loans, therefore you will need to continue paying these both during and after the IVA.
