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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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Debt Relief Order (DRO)

A debt relief order (DRO) is an order granted by the Insolvency Service in cases where you can’t afford to pay off debts. A Debt Relief Order usually lasts about 1 year and during this time your creditors cannot take action against you to get their money back. Once the period of the DRO has elapsed all debts included in the Debt Relief Order are written off.

In order to meet the criteria to apply for a DRO you must have debts of less than £15,000 and a low income. You would need to have monthly disposable income of between £1 and £49. You must also have no assets or savings or at least not of greater value than £300.

You cannot apply for a DRO yourself so you will need to contact an authorised adviser who can apply for you.  You adviser will first check whether you meet the above criteria prior to making the application.

Please take our Debt Test to give you an idea of whether meet the criteria of a Debt Relief Order or call us free of charge on 0800 043 2424 for advice now. You can also provide extra information so we can fully assess your situation here.

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.