Advantages and disadvantages of an IVA

Advantages of IVA

• Stop the creditors hassling you

• Write of some of the debt

• Pay of your debt in 5 years or less

• Your IVA will appear on your credit file

• If you don’t keep up with your payments you may be declared bankrupt

• You may be asked to remortgage your property in year 5 to pay creditors

Minimum Criteria for IVA

With this form of debt help, you pay the agreed amount, usually over 60 months, informing our insolvency practitioner of any change of circumstances which could affect your income or assets 
Hamilton Associates has advisers dedicated to ensuring you get the best advice on all debt and insolvency issues with years of experience.