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An Individual voluntary arrangement meaning it is that is a contract between you and your creditors in which you agree to settle all or part of your debts. You agree to pay a certain amount to an insolvency practitioner, who will split the money among your creditors. An IVA, rather than bankruptcy, can provide you more control over your assets. An IVA normally lasts 5-6 years, however it can be prolonged if you don't make your payments. You'll need to follow the Agreement's regulations throughout this time, and you'll have limited authority over your money. For more information, please contact us at 03338803165. Website : https://nationaldebtlines.co.uk/individual-voluntary-arrangements/

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