IVA FAQ

Can we do a Joint IVA?

What is a Joint IVA. Do both partner’s creditors have to agree? Is a Joint IVA always right for a couple? What if you split up during the Arrangement?

Will an IVA affect my Business?

Can a Company Director start an IVA? What if you are a sole trader? Will you be able to maintain your business bank account?

What happens to my Pension in an IVA?

Is your Pension at risk if you start an IVA? Can you still pay into it? What happens to income you already get? Settling an IVA early with your pension.

Who will find out about my IVA?

Who will be told about your IVA? Could your employer find out about the Arrangement? Is it possible for someone to discover you are in an IVA?

Can you stop your IVA if you are Unhappy?

Is it possible to stop an IVA? Why might you want to? What are the implications if you are a home owner? What happens to the payments you already made? How to stop an IVA.

How much will my IVA Payments be

How much do you have to pay into an IVA? What is the minimum you can pay? Are your IVA payments fixed? What if you cannot maintain the payments?