If you qualify, an IVA is a way to clear your debts (excluding any secured loans and hire purchase loans) at an affordable amount each month with a guarantee that after a fixed time (usually 60 months), any remaining debt will be written off*.
With our help
Clear your debts. Only pay what you can really afford.
All unsecured debt cleared fully even if you pay less than you owe.
Prevent / stop legal action – including bankruptcy and protects your Assets (e.g. your house).
One affordable set payment each month usually for only 60 months*.
All interest and other charges are guaranteed to be stopped (once approved by a min of 75% £ value of all creditors).
All contact from your creditors regarding payment of their debt stops (once approved).
IVAs are managed by Churchwood Financial (Management) Limited trading as Kingsgate Insolvency, a member of the Churchwood Finance Group.
*An IVA will affect your credit rating and remain on your credit file for up to 6 years. Fees will be applicable if you proceed.
For homeowners, you may be required to re-value your property and seek a remortgage in year 4 releasing equity
where achievable to
contribute towards your outstanding debt.
IVA Expert is a trading style of Churchwood Financial Limited.