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.

IVAs typically last for a five year period. Creditors normally do not want to see any arrangement that lasts much longer than that. IVAs can be for a much shorter time frame. If, for instance, you have a friend or relative willing to give you money that can be offered to the creditors in full and final settlement, this can be organised quite quickly. An IVA can last for as little as 12 weeks.