IVA
 An IVA is a realistic alternative to bankruptcy, which the government introduced as part of the Insolvency Act 1986, to give people a second chance. It's a legally binding structured repayment plan, which benefits both you and your creditors.The IVA must be affordable and appropriate to your individual needs and will be carried out by a licensed Insolvency Practitioner. All the interest and charges on your accounts will be frozen. There will be just one affordable amount payable over an agreed term, usually 5 years. For More information and advice, call free on 0800 689 9033