Individual Voluntary Arrangements
Individual Voluntary Arrangements
If your personal debts are spiralling out of control, it can seem that getting back on track financially is almost impossible.
But seeking the expert advice of our insolvency and recovery experts can provide a breathing space in which to explore options for resolving your financial issues and put in place affordable solutions.
It may be appropriate to put in place an individual voluntary arrangement (IVA), a contract between you and your creditors. Each IVA is a bespoke arrangement, tailored to the individual and their creditors, and may involve a one-off payment or where appropriate, a series of monthly payments.
IVAs can only be arranged by a licensed insolvency practitioner. An IVA is also a binding contract and should not be entered into without obtaining the correct advice.
To ensure that you instruct the right people you should have an initial face-to-face meeting, which we offer free of charge at Haslers.
Whatever the solution to your personal debt issues, our team can help you to face your financial challenges and achieve constructive outcomes.
No one wants to consider that their business may one day require the services of an insolvency practitioner, but where you suspect that you or your company may be in financial distress it is important that you take action quickly.
Businesses experiencing cash flow issues, management disputes, unmanageable debts or other symptoms associated with business stress should seek immediate expert support.
We can help assess and check your business for these indicators so that our experienced team can explore all viable alternatives to insolvency.
We have a proven track record in assisting businesses to recover, restructure or refinance, as well as helping to put in place sustainable financial strategies.
At Haslers, we have worked and continue to support a number of insolvent businesses and individuals, often helping them to recover their business, conduct meetings with creditors or find the most effective insolvency solution.
To find out more about Individual Voluntary Arrangements, please contact us.
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