IVA Providers

IVA providers, or Individual Voluntary Arrangement providers, are financial professionals or institutions that help individuals manage their debts. Through an IVA, a person can negotiate with creditors to repay a portion of their debts over a set period, usually five to six years. This legally binding agreement allows individuals to stay debt-free while making manageable payments, protecting them from bankruptcy. IVA providers guide clients through the process, ensuring compliance with legal requirements and helping them regain financial stability. It's an alternative to bankruptcy that preserves some assets while addressing debt responsibly.