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In Debt? Dealing With Your Creditors

  

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Acceptance Rates
94% of IVA's we propose
are accepted by creditors

Reputation
Established for over 7 years and enjoy an excellent relationship with creditors.

Regulated
Regulated and monitored by the Insolvency Practitioners Association

Customer Satisfaction
Rated 4.43 out of 5 from our customer surveys and 4.4 / 5 on reviewcentre.com* 100% of customers would recommend us to a friend*

*Review scores correct as at August 2015 *Recommendations are taken from reviews submitted between June and August 2015

  

  

  

  

Home » IVA’s » IVA Regulation » IVA Terms & Conditions

IVA Terms & Conditions

The applicable standard conditions can be accessed below, when your IVA was approved determines which set of conditions apply to your IVA.

  1. IVA Approved after 1 January 2014
  2. IVA Approved 1 July 2012 to 31 December 2013
  3. IVA Approved 1 August 2008 to 30 June 2012
  4. IVA Approved  1 February 2008 to 31 July 2008

In the event that your IVA was approved before 2008 or it was considered that a non protocol compliant IVA was appropriate for your individual circumstances, these will be conducted in accordance with the Association of Business Recovery Professionals (R3).

The R3 Standard Conditions can be accessed below and when your IVA was approved determines which set of conditions apply to your IVA:

  1. IVA Approved after 1 January 2013
  2. IVA Approved 1 November 2004 to 31 December 2012
  3. IVA Approved 1 March 2002 to 31 October 2004

Do You Qualify for an IVA?

What do our Customers say?

" I really don’t know what I would have done without the IVA. I was recommended by my brother’s friend back in 2008 who was in a similar situation. Definitely the right thing for me to do. I am now building up my credit status so I can hopefully obtain a mortgage in the future. I am more careful with money / finances now and don’t take credit for granted! Thanks very much for everything the team has done for me!"

Mrs Purser,

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Important Information

Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA. If your IVA fails, it could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected for the medium to long term. Homeowners may be required to release the equity in their property, if unable to release equity and equity is available creditors may request an additional 12 months payments in compensation.

Debt Support Centre Ltd provides insolvency solutions to individuals, specialising in IVA's. We do not administer or provide advice solely relating to debt management products, such as Debt Management Plans. Advice and information on alternative options will be provided following an initial fact find were the individual(s) concerned meets the criteria for an IVA and wishes to pursue it further, as governed by our regulators The Insolvency Practitioners Association. All advice given on any alternative options is therefore provided in reasonable contemplation of an insolvency appointment.

The Money Advice Service is a free service set up by the Government to help people make the most of their money. If you would like to learn more click here.