Individual Voluntary Arrangement (IVA)

 

Blackstone Solicitors understand how difficult the worries of debt are and regularly help our clients to find a solution. On an ethical and moral basis, we care about all our clients individually. We will consider all the options and solutions which might be available to you.

If you wish to avoid bankruptcy but are not in a position to pay the full amount due to your creditors, then an IVA is a very important option.

Do I qualify for a IVA?

An IVA is often suitable for people who can afford to pay a proportion of their indebtedness.   There is also the possibility of paying a lesser lump sum towards such debts.

Blackstone will draft your proposal, deal with your creditors and set out the full details of your offer.

To be accepted the IVA must be presented at a creditors meeting and if 75% of such creditors in value accept the offer, it will then go ahead, irrespective of other views.

Following acceptance, no creditor who has been contacted with the offer can take any separate legal action for recovery.

The Blackstone team is available to guide you through the process, for which we charge a fee that relates to our time involvement and not a percentage of total value.

It is in your best interest to contact us now prior to the commencement of any proceedings, if possible.

Simply call us on 0161 929 0121 or email your enquiry to info@blackstonesolicitorsltd.co.uk

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