Individual Voluntary Arrangement

EWS will help individuals with consumer debt problems and also sole traders and partners with business related personal debt problems...

An IVA is a legally binding agreement between an individual and their creditors for the satisfaction of debts by way of a compromise. An IVA is usually based upon income contributions but can also include realisations from asset sales or funds contributed by a third party. Once approved, it is binding on all unsecured creditors so that bankruptcy is avoided.

EWS will help individuals with consumer debt problems and also sole traders and partners with business related personal debt problems with a review of their financial position and consideration of all the options. We provide assistance with both the preparation of a proposal to creditors and any subsequent negotiation of the terms. Our IVA experience means that we understand what creditors require and ensures that the terms of a tailor-made solution are reasonable, realistic and achievable.