An IVA is typically suitable for people who have unsecured debts and cannot afford to pay their monthly repayments. IVA eligibility is based on individual circumstances and what you can afford, so in some instances a lower debt level could be accepted by your creditors. You must have a regular household income, and live in England, Wales or Northern Ireland.
A number of other factors are also used to assess eligibility including; how many creditors you have and how long it would take you to repay your debt by other means.
Kingsgate Insolvency is a trading company of Churchwood Financial (Management) Limited, which is a member of the Kingsgate Insolvency Group. Our Insolvency Practitioners have over 30 years combined experience in the IVA field and are licensed to act as Insolvency Practitioners by the Insolvency Practitioners Association and the Institute of Chartered Accountants of England and Wales.
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