When debt becomes overwhelming, it can feel like there's no way out. But for many people in the UK, an Individual Voluntary Arrangement (IVA) offers a practical and legally binding solution to repay debts while protecting their financial future.

What Is an IVA?
An IVA is a formal agreement between you and your creditors to pay off your debts over a fixed period, usually five years. It is managed by a licensed Insolvency Practitioner (IP) who works with you to assess your income, expenses, and debts to create a manageable monthly repayment plan.

How IVA Debt Management Works
With an IVA, you make affordable monthly payments based on what you can realistically afford. Your creditors agree to freeze interest and charges, and if you stick to the plan, any remaining unsecured debts are written off at the end of the term.

This makes IVA debt management an appealing option for individuals who:
Owe more than £6,000 to two or more creditors


Have a regular income


Are you struggling to keep up with minimum payments?


Benefits of Choosing an IVA
One affordable monthly payment


Frozen interest and charges


Protection from legal action


Debt written off at the end of the IVA


Unlike bankruptcy, an IVA gives you more control over assets like your home and car, and it typically has less impact on your employment.

Is IVA Right for You?
IVA debt management isn't for everyone, but it can be life-changing for the right candidates. If you're feeling overwhelmed and don’t know where to turn, Step Away Debt is here to help.

Our friendly team offers free, confidential advice tailored to your financial situation. We’ll explain your options and help you determine if an IVA is the right step toward a debt-free future.

Take Control of Your Debt Today

Contact Step Away Debt for a no-obligation consultation and discover how an IVA can help you Step Away Debt—for good.

For more information visit our website: https://stepawaydebt.com/