What is an IVA?

It is an arrangement governed by the Insolvency Act of 1986. An IVA is an agreement with your creditors to make a single reduced payment each month which lasts usually for a period of 5 years. Once you have entered into the agreement, your creditors are not allowed to add any further interest or charges to your accounts by law.

Do I stand to lose my house?
Under the provisions of an IVA arrangement, NO. But should you have savings or any equity in your house, or other assets, then these will be taken into account when making an offer to creditors.

Can I stay in business or continue with my profession?
Yes, you certainly can. Unlike being declared bankrupt, there is no limit on your business activities.

What happens if I fail to make payments on my IVA?
If you default on your IVA payments, bankruptcy proceedings can be initiated against you.

Who can qualify for an IVA?
An IVA is only practical if your debts exceed £15,000 or so.

What is the length of an IVA?
IVA’s normally last five years.

Do You Provide Loans?
We DO NOT provide loans. We provide debt consolidation services which allow you to satisfy your current obligations without falling into more debt. We provide an alternative solution to loans.

Will you repair my Credit scoring?
By the use of our services, your credit rating will repair itself. However we DO NOT repair a negative credit history - no one can. We can however, guarantee a brighter financial future.

Why Us?
Theivacompany.co.uk uses professionals such as qualified lawyers, accountants and licensed insolvency practitioners, who hold certified qualifications and guarantee you professional and expert services.