From first call to debt-free.
Here's what happens, step by step. No surprises, no jargon.
The four phases
A simple, predictable process.
Initial conversation
A regulated partner reviews your situation in detail and explains your options.
Proposal preparation
If an IVA fits, your Insolvency Practitioner prepares a proposal to send to your creditors.
Creditors' Meeting
Creditors vote. 75% by value of voting creditors must approve to pass the IVA.
Make payments & complete
You make affordable monthly payments. At the end, remaining included debt is written off.
What to expect
Statement of Affairs
A detailed look at your income, spending, debts and assets — used to build your proposal.
Modifications
Creditors can suggest changes (modifications) before the vote. You can accept or reject these.
Annual reviews
Once a year your Supervisor reviews your situation to make sure your payment is still right.
Completion certificate
On successful completion, you'll receive a certificate confirming the IVA is finished.
See if you meet the criteria.
No pressure. We'll introduce you to a regulated partner who can talk you through your options.
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