6th Floor, Kingsgate House, Wellington Road North, Stockport. SK4 1LW. Tel: 0161 475 7921
Your circumstances will determine your suitability
If your liabilities are more than your assets and you cannot pay your debts on their due dates – you are insolvent.
Your situation is reported to your creditors in the form of a proposal which states how you plan to pay what you can afford for the duration of the IVA. The usual term is 60 months but it can be extended.
Contact us to find out more using the form on this page. Remember...
Without an IVA, the risk to your property, is high and bankruptcy is a very real possibility. In an IVA your creditors cannot commence legal action against you but you may be required to look at re-mortgaging in the last year of your IVA as a final settlement.

