My IVA Adviser specialises in taking the stress out of making an IVA application and it does this whilst charging No Fee.
By establishing the strength of each application at the very beginning of the application process, we are able to make sure each IVA application has the very best chance of being acceptable to creditors.
At present our IVA acceptance rate stands at 95%, which we believe puts us in the very highest bracket of IVA providers.
Once the application process is under way and the application has been submitted, the process of gathering all the required documentation and other paperwork begins. The application then moves into the drafting stage where the IVA proposal is prepared by an IVA drafter and the proposal is finalised for presentation to the creditors.
It takes approximately 3 weeks to reach the point where creditors are notified of the IVA proposal and a creditors meeting is set.
This is often considered to be the most difficult stage for the applicant, as they have to play a waiting game, but unfortunately it is a necessary part of the process as the creditors need to be given a minimum period of notice of 14 days for the creditors meeting.
However, another significant advantage of asking My IVA Adviser to prepare your IVA application is that we are able to talk creditors during this time, keeping them informed as to where your IVA application is up to, which in turn reduces the risk of higher tensions that otherwise might develop between the IVA applicant and their creditors.
For the IVA application to be successful we need to receive acceptance of the IVA proposal from the creditors who own more than 75% of the debt. If this can be achieved then the IVA application will be successful and all the creditors will be legally bound by the IVA - even those that voted against it.
Because My IVA Adviser is continually proposing IVAs to creditors we know what they’re looking for. We are able to make sure that creditor’s expectations are explained and understood before the IVA application begins, and we believe it is this attention to detail that enables us to produce such high standards.
Simply follow this link if you would like to Apply for an IVA and we’ll get the IVA application process started.
Alternatively why not just call 0800 088 7503 and arrange your free IVA consultation for a time that suits you.
Related Articles: