Individual Voluntary Arrangement (IVA)

An IVA is an agreement between you and your creditors where you formally agree with your creditors to make payments towards your total debt.

Due to its formal nature an IVA has to be set up by an insolvency practitioner. The agreement is legally binding between you and all your creditors and normally runs for 1, 3 or 5 years.


Monthly payments are based on an affordable disposable income and subject to your circumstances the arrangement can write off a percentage of your debts. Once set up, all interest and other debt charges are frozen and creditors are prohibited from taking any further action against you.

Read our blog on the positives and negatives of IVA’s

For individuals, we have also written a blog: What is insolvency? And is an Individual Voluntary Arrangement (IVA) or bankruptcy the best option?

Read our blog on the insolvency options available to partnerships

Act now and get professional IVA advice for free from 4Squared.

Or fill in the form



Every effort is made to ensure that information contained on this website is accurate and up-to-date.
It should be noted, however, that this information is subject to change without notice and that 4Squared
can accept no liability for the accuracy of all the information presented at any given time.