For those people that live in Northern Ireland, and are struggling with financial difficulties, the Individual Voluntary Arrangement (IVA) still remains a viable debt solution.
Any person living in Northern Ireland:- Who has personal unsecured debts over £12,000.
- Owed to 2 creditors or more.
- Who is in employment.
- Cannot afford their normal monthly debt repayments.
can apply for an IVA.
Further more, it doesn’t need to be set up by an Insolvency Practitioner who only practices in Northern Ireland.
There is no difference between an Individual Voluntary Arrangement (IVA) in Northern Ireland and an Individual Voluntary Arrangement (IVA) in England or Wales, although there are some slight differences to the initial setting up procedure, but this has no bearing on the actual Individual Voluntary Arrangement’s (IVA’s) basic terms or the IVA poposal.
However, due to these extra requirements some insolvency practitioners refuse to consider acting for people in the province.
But My IVA Adviser always consider each case on its own merits, and will consider your case on the balance of advantages to you and your creditors, and therefore, if an IVA is a feasible solution for you, and it is your preferred debt solution, we will act on your behalf and progress your case towards an IVA creditors meeting.
Indeed, we already have many successful Individual Voluntary Arrangement (IVA) applications from Northern Ireland in our case history.
For full details about how to set up an Individual Voluntary Arrangement (IVA) in Northern Ireland, call one of the My IVA Adviser team on 0800 088 7503 and they’ll explain how the process works.
Alternatively, if you still need more information you can choose from any of our 6 different free to download IVA guides to help you. They are packed full of information and advice to help you understand more about Individual Voluntary Arrangements (IVAs).
Or why not try out our debt calculator, and see whether an IVA may be within your reach.
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