Individual Voluntary Arrangements (IVAs)

We are experts in Debt and Bankruptcy advice. We assist clients in defending bankruptcy petitions and annulling (cancelling) bankruptcy orders.

We also defend claims brought by trustees in bankruptcy, particularly against the family home.

Free Initial Discussion

For an initial free, no obligation, discussion to see as to whether we are best placed to help by either calling us on 0207 889 0100 or emailing us at and we’ll promptly call you back and assess the situation.

Why choose us?

We advise on Individual Voluntary Arrangements (IVA) which can avoid bankruptcy. An IVA can also be entered into post-bankruptcy to annul bankruptcy order. In order to succeed, 75% of your creditors in value must agree to the IVA proposal.

An IVA usually lasts for 5 years and sets out the payments to be made to all the creditors. The same percentage must be offered to all the “unsecured creditors”, namely those creditors who do not have a secured charge on your property.

An IVA does not affect the rights of creditors with security, “secured creditors” who may still wish to sell your property to pay their debt. A person looking to enter into an IVA is required to make full disclosure of their finances. The IVA Supervisor will petition for bankruptcy in the event the payment promises in the IVA are not met.

Mis-Sold IVA

There has been an increase in the number of bankruptcy petitions presented by Supervisors of IVAs in recent years.  We often advise our clients not to enter into an IVA but to simply enter into an informal settlement agreement with their creditors which can be more beneficial as;

  • Your creditors are not required to be paid the same percentage
  • Costly Supervisors’ fees can be avoided
  • Your name does not appear on the IVA Register which is a further disadvantage as this will affect your ability to borrow in the future.

An informal arrangement is sometimes known as a “Debt Management Plan” (DMP).

We advise on the suitability of IVAs and are able to bring claims against IVA companies and Supervisors for having mis-sold IVA where more suitable options were available.

Funding and Costs

We are able to talk you through the best options for you which include:

  • Fixed Costs Consultations
  • Fixed Fees
  • Staged Engagements (where the scope of engagement is defined)
  • No-Win No-Fee Conditional Fee Agreements (CFA)
  • Funding Options – Litigation Finance and Funding
  • Adverse Costs Insurance – ATE Funding
  • Debt Based Agreements (DBA) – contingency style arrangements

Reclaiming Payment Protection Insurance (“PPI”) Pay Outs

We help on reclaiming amounts against IVA supervisors as many PPI settlements fall outside the IVA.

There are two main types of IVA agreement: an “all asset agreement” and a “defined asset agreement”.

An all asset agreement is where all of your assets are included in your IVA.  Therefore any PPI claim will automatically belong to your creditors.

However, the second type of IVA is a defined asset IVA which normally allows you to keep any PPI payouts.

We bring claims against Supervisors of IVAs for them to pay back your PPI settlement if they have been wrongly withheld.

How to make contact

To find out more about how we can help and to discuss your legal case, please call us on 0207 889 0100 or email us on

We can assist wherever you are based, and we also have offices in London.

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