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IVA Advice

An IVA can only be arranged and supervised by a Licensed Insolvency Practitioner (IP).

Many 'IVA Companies' do not have an in house IP but pass your details to a firm of Insolvency Practitioners, generally for a large fee taken from your monthly contributions.

An IP is regulated by it's governing body, in the case of X-debt the Insolvency Practitioners Association (IPA), and are duty bound to offer best advice.

Speak to an Insolvency Practitioner

If you are unsure of who you should approach to advise you on the most suitable debt solution, then please speak to an IP in the first instance, particularly for IVA advice.

We are here to help and advise you so please do not hesitate to get in touch.

Take action now. For your next step please call us on 0800 043 2424. or complete our call back form above.
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IVA advice, debt advice


If you owe more than £12,000 and have a surplus household monthly disposable income, X-debt can help you take back control of your life. We provide a very personal service so you are confident you are receiving the best possible help for your situation. Our in-house Insolvency Practitioner is on hand to answer any queries you may have. Please complete our call back form to the right or take our debt test to see which option may be most appropriate for you.

IVA unlocks your finances

Reducing your monthly outgoings will allow you to unlock your finances and take back control of your life. With an IVA (Individual Voluntary Arrangement) your monthly outgoings will be reduced to a more affordable level.

So long as you keep to the terms of the IVA it will usually protect your home, if you keep up your mortgage payments and protect you from bankruptcy.

An IVA is suitable for those with debts generally in excess of £12,000. However, if debts are significantly lower than this then a debt management arrangement or Debt Relief Order can be a suitable alternative. Please take our debt test to see which option may be most suitable.

Reduce your debt level

In an IVA your unsecured debt level will reduce over time so long as you keep to the terms of the IVA. Generally an IVA will last for 5 years and once completed, all outstanding balances of debts governed by the IVA will legally be be written off. Interest on credit cards will be frozen in an IVA.

It is possible that, whilst paying into a debt management program that your debt level could in fact increase as interest is generally not frozen. In some cases it is the best advice to bring your immediate situation under control and allow you to come to an agreement with your creditors in the short term.

However, for those who meet the criteria for an IVA it is in most cases the better option.

Other Debt Solutions


For a full range of the debt solutions X-debt advise on please visit our debt solutions page.

If you would like advise on your financial problems please speak to us on 0800 043 2424 before it is too late.

Any debt solution should always be considered very carefully and professional advice should be sought. Whilst X-debt offers free debt advice, fees are charged where a debt solution is undertaken. Fees are for setting up an arrangement and if appropriate, supervising the arrangement over a period of time. All fees will be outlined prior to any charges being incurred. Fees within an IVA are taken from the monthly contributions, agreed by you and your creditors and will not affect the amount you pay. X-debt complies with the Consumer Credit Act and Data Protection Act.