Specialists in IVA, Debt Management, Debt Consolidation and other services

IVA (Individual Voluntary Agreement)

Clear the debt you can't afford with an IVA & become debt free in 60 months...

Have you unsecured debts in excess of £15000?
Are you struggling to maintain payments?
Are you even considering bankruptcy?

An IVA could be for you…

How does an IVA work?
An Individual Voluntary Arrangement (IVA) or Trust Deed is an agreement between you and your creditors whereby you make funds available for distribution between the creditors bound by the agreement. This usually involves making one monthly payment to your IVA or Trust Deed Supervisor for a set period of time. If you have any assets, such as equity in your endowment policies etc, you may have to make some of this available to property creditors as well.

Should I apply for an IVA/Trust Deed?
If you live in England or Wales and are unable to pay your debts, you may apply for an IVA; Scottish residents must apply for a Trust Deed. In general, IVAs and Trust Deeds are awarded to Individuals that have over £15,000 of debt and two or more creditors. If you are already subject to a Bankruptcy Order you may still apply. If the arrangement is approved, your Bankruptcy is annulled.

What happens if an IVA is accepted?

Freeze all interest and charges.
Stop any legal action.
Cancel any existing CCJ's.
Stop demand letters and phone calls from irate creditors.
Your finances will be back on track

Additional advantages of an IVA

There is no stigma or publicity that normally accompanies bankruptcy.
A debtor can continue to trade in a business or continue as a Company Director to generate income.
The debtor is involved in the choice of assets made available to creditors, since the arrangement is designed to suit the debtor's situation.
Administration costs are usually lower than bankruptcy, enabling higher payments for creditors.
Creditors can claim tax relief against bad debts.
Creditors who vote against the IVA are still bound by it, as long as the required majority (75%) in value of the creditors who have voted, agree to it.
Creditors recognize that they must accept less than all the money owed.

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	Debt Consolidation One easy monthly payment, take the hassle out of your finance. more >

	Debt Management Repay only what you can afford each month in one comfortable payment. more >

	IVA Freeze all interests & charges and become debt free in 60 months. more >

	Trust Deeds Allow your Trustee to deal with all your creditors - used in Scotland only. more >

	Bankruptcy We provide specialist advice helping you to consider your options carefully. more >

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Triangle Financial Services,
a trading name of Resolve Financial Advisors Ltd registered in England & Wales. Registered Office: Sale Football Club, Heywood Road, Sale, M33 3WB
Company Registration Number: 07216917, Consumer Credit License: 0619049, ICO: Z2309957
Regulated by the Ministry of Justice in respect of regulated claims management activities, registration number CRM24221
Registration is recorded at www.claimsregulation.gov.uk