IVA advice

A little advice can go a long way

An IVA is a formal solution between you and your creditors that allows you to pay back your debts at an amount that is affordable to you. Every IVA is unique, so we would need to assess your situation in order to determine if an IVA is a suitable option for you, but the basic criteria to do an IVA is that:

  • You must have debts above £8,000
  • You have some money left over each month to pay towards your debts, after all expenses have been paid (not including debt repayments)
  • You have debts owing to at least 2 or more creditors/lenders
  • You are struggling to make payments towards your debts

If you would like to find out more about an IVA or to see if an IVA is the right solution for you to deal with your debts, then fill in the form and we will get in touch. Our IVA advisors will be able to assess your situation, analyse your debts, your income and expenses and determine what all of your options are for getting out of debt. Not only will we provide you with IVA advice, we will be able to guide you through the entire Insolvency Process, should you wish. If an IVA is not the best option for dealing with your debts, then we will be able to let you know what other options you have available.
Our friendly expert advisors are here to chat to you, no matter what your query is. Fill in the form below or give us a call on 0800 043 3328, for some confidential, no obligation advice.

Get IVA Advice

IVA Information

An IVA is not a solution that should be considered lightly. It is a formal Insolvency process. Read more about IVAs in our comprehensive list of IVA FAQs

Read more about ivas

Bankruptcy Information

Bankruptcy can be a daunting process. With our helpful guide to bankruptcy, some of your worries and preconceptions can be put to rest.

Read more about bankruptcy

Bailiff Information

A visit from a bailiff can be a very frightening experience. Some people don't know their rights. Our helpful guide to bailiffs explains your rights.

Read more about Bailiffs

Credit Card Debt Information

Credit Cards: an easy way to accrue debt are easy to get your hands on, with a limit above your spending means, often with high % rates

Read more Credit Card Debt...

Balance Transfer information

Leading on from Credit Cards, this guick guide gives you an insight to the pros and cons of balance transfers between credit cards.

Read more about Balance Transfers...

Debt Consolidation information

If you have lots of bills and are thinking about consolidating your debts into 1 monthly payment, read our information on Debt Consolidation.

Read more about Debt Consolidation...

Charging Order Information

Are you confused about Charging Orders and what they are? Or how they work?
Our guide to Charging Orders might help.

Read more about Charging Orders...

Mortgage Information

All you need to know about the basics of mortgages, repayment, advantages and disadvantages of the various types of mortgage.

Read more about Mortgages...

Excellent Company

" Very good company for an iva, documents sent out very fast, very understanding people that offer great support and advice would definately reccomend."

Debt Calculator

Debt calculator

Work out what your new monthly debt repayment could be by filling in our debt and budget calculator form.

Debt Calculator

IVA Example

Example of an IVA

Client was struggling with monthly debt repayments of £560 to several creditors. We were able to have this reduced to £250 per month, with all interest and charges frozen. After 60 months of paying this reduced amount she will become debt free and any remaining debt will be written off.

IVA Examples

Speak to us to see if you can reduce your debts

freephone 0800 043 3328

© 2021 McCambridge Duffy Insolvency Practitioners.
All rights reserved

McCambridge Duffy LLP is a Limited Liability Partnership registered in England and Wales.
Registered number OC309544
Registered office 17 Hanover Square, Mayfair,
London, W1s 1HT