An IVA can be entered into when you meet the following criteria:

  • Your debts are greater than £15,000
  • You have three or more separate creditors.
  • You currently have over £200 a month in disposable income, and you have assets to sell towards paying your creditors

There are other criteria which should be met and if you want to discuss this please call one of our debt advisors on 0800 158 3539.

For more information about IVAs, see our IVA Options