How does an IVA work?

Last updated: 29th August 2013

In nine steps from making the first call, you could be on the road to controlling your unsecured debt.

Typically you should expect the process of setting up an IVA to take around eight weeks. However, the main thing to remember about the process of getting an IVA is that we are here for you every step of the way.

How an IVA works

The IVA process

The process of setting up an IVA needn’t be as daunting as you may think. You’ll find our debt advisors and licensed Insolvency Practitioners (IP) will offer you support and professional advice at every stage of the process. From the moment you get in touch with us we’ll advise accordingly.

What happens next?

Once the process of setting up an IVA has been successfully completed you are referred to our Supervisory team who will look after you throughout the typical 60 month period.

We want to ensure that you always have someone to turn to for advice and support, especially in the early stages. Over the course of the IVA we will carry out annual reviews with you and help you to deal with any changes in your circumstances.