Clear the debt you can't afford with an IVA & become debt free in 60 months...

Are you facing bankruptcy? You can avoid this with an IVA plan from The Debt Line.

Up to 75% of your debts can be written off.
Your monthly repayments can be reduced by up to 85%.
Interest and charges on your debts can be frozen.
Creditors stop contacting you directly.

What is an IVA?

An Individual Voluntary Arrangement (IVA) or Trust Deed is an agreement between you and your creditors whereby you make funds available for distribution between the creditors bound by the agreement. This usually involves making one monthly payment to your IVA or Trust Deed Supervisor for a set period of time. If you have any assets such as equity in your endowment policies etc. you may have to make some of this available to property creditors as well.

Can I apply for an IVA/Trust Deed?

If you live in England or Wales and are unable to pay your debts, you may apply for an IVA, Scottish residents must apply for a Trust Deed. In general IVAs and Trust Deeds are awarded to Individuals that have over £15,000 of debt and two or more creditors. If you are already subject to a Bankruptcy Order you may still apply. If the arrangement is approved, your Bankruptcy is annulled.

What can The Debt Line do for me if I apply for an IVA?

Freeze all interest and charges.
Cease any legal action.
Cancel out any existing CCJ's.
Stop demand letters and phone calls from irate creditors.
Give you the peace of mind to have a fresh financial start.
Enable an affordable monthly payment based upon your available disposable income.
Give you your best nights sleep for a long time.

Additional advantages of an IVA

There is not the stigma or publicity that normally accompanies bankruptcy.
A debtor can continue to trade in a business to generate income.
The debtor is involved in the choice of assets made available to creditors since the arrangement is designed to suit the debtor's situation.
Administration costs are normally lower than bankruptcy, enabling higher payments for creditors.
Creditors can claim tax relief against bad debts.
Creditors who vote against the IVA are still bound by it as long as the required majority (75%) in value of the creditors who have voted agree to it.
Creditors recognize that they must accept less than all the money owed.

Further information on IVAs

IVAs: Article Archives

"Initially I applied for a loan to consolidate my debts. However, after speaking to one of your advisors, it became clear that a far better solution would be to go on one of your financial management plans...

Everything was made so simple and the continual support and advice you have provided from my initial enquiry and whilst on my financial management plan has resulted in my debts nearly being clear now! I can't thank you enough for your help."