IVA Hub
Your Complete Guide to Individual Voluntary Arrangements
Published: 30 June 2026
An Individual Voluntary Arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time. It's a serious step, but for many people in the UK, it provides a structured path to becoming debt-free while protecting key assets like their home.
This hub is your central resource for everything related to IVAs. Whether you're just starting to explore your options, want to understand the process in detail, or are looking for guidance on life after an IVA, you'll find the tools and information you need right here. Our goal is to empower you with clear, accurate knowledge to make the best decision for your financial future.
Check Your Eligibility in 60 Seconds
Our free, confidential checker will tell you if you qualify for an IVA without impacting your credit score.
What Is an IVA and How Does It Work?
A complete guide to the IVA process, from application to completion, including pros and cons.
Rebuilding Credit After an IVA
A step-by-step plan to repair your credit score and financial health after your IVA is complete.
Compare IVA vs DMP
Use our calculator to see how a Debt Management Plan compares to an IVA for your circumstances.
Get Personalized IVA Advice
Ask our AI Debt Coach any questions you have about IVAs and get instant, tailored answers.
Frequently Asked Questions about IVAs
Will an IVA write off all my debt?
An IVA can write off a significant portion of your unsecured debt, often up to 80%, but not all of it. You will make affordable monthly payments for a fixed term (usually 5-6 years), and any remaining unsecured debt is written off upon successful completion.
How does an IVA affect my home and car?
An IVA is designed to protect your essential assets. You will not be forced to sell your home or car, provided you can maintain your mortgage and car finance payments alongside your IVA contributions. If you have significant equity in your home, you may be required to release some of it in the final year.
What happens if my circumstances change during an IVA?
IVAs have a degree of flexibility. If your income or expenses change, you should immediately inform your Insolvency Practitioner. They can often arrange for a payment break or a variation to your payment amount to help you manage the change and keep the IVA on track.
Is my name made public if I enter an IVA?
Yes, if you enter into an IVA, your details will be added to the public Individual Insolvency Register. Your name will remain on this register for the duration of the IVA and for three months after it has been completed.
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