IVA usually compromise the claims of unsecured debts although this is not always the case. As its name implies a IVA is an individual arrangement so can be tailored to your specific needs, because of this it attracts more interest than most debt solutions. Because creditors often get back more money than they would though a bankruptcy it is a solution often preferred by both sides.

You can propose an IVA even after you have been declaired bankrupt

There are a selection of debt solutions available to you regardless of how you got into debt and we can advice you on the best option for you after assessing your individual situation.