These are the 21 most common questions our customers ask our IVA advisers. If you have a question that is not among these 21, please visit our additional IVA questions and answers page.

IVA stands for Individual Voluntary Arrangement. An IVA is a simple arrangement in which you pay a single monthly sum to your creditors and become debt free within five years. It usually involves your creditors agreeing to write off part of your debt. It is a proposal you put to your creditors that they may prefer to agree to, to avoid you becoming a bankrupt. We at Debt Lifeboat will assist you in putting together that proposal.