Unlike the £15,000 minimum set by some of our competitors. Our fees (which are paid out of the monthly contribution you make and approved by your creditors) are much lower than our competitors allowing more of your money to go to your creditors. This allows them to accept proposals from people with lower levels of debt and makes your proposals more likely to be approved. However, there are a number of criteria you must meet if you are to propose an Individual Voluntary Arrangement (IVA):

1. You must be technically insolvent. This means that you cannot pay all of your debts as they currently fall due for payment.
2. If you wish to propose an IVA with an interim order (see glossary) you must not have proposed one within the past 12 months.
3. You must have someone willing to act as your nominee. This person must be a licensed insolvency practitioner who is regulated by one of the recognised Professional Regulatory Bodies. ClearDebt Limited is a firm with licensed insolvency practitioners and we will deal with every aspect of your case from start to finish. We do not just collect your information and then refer it, for a fee, to a panel of insolvency practitioners which is what many other providers actually offer.

ClearDebt believes that as long as your IVA proposal has a realistic chance of success and you meet the criteria set out above, an IVA may be considered.

What is most important when considering whether to propose an IVA or not is whether the proposal is fair to both your creditors and to you. In our experience this means that you must be able to make a minimum monthly contribution of £160 over a maximum five-year period.

In many, but not all, cases you will owe more than £12,000. Taking the two-minute ClearDebt Analyser test now will give you a personalised initial assessment of whether a ClearDebt IVA could be right for you, taking into account all the information that contributes towards making a successful IVA proposal.

Taking the two-minute ClearDebt Analyser test now will give you a personalised initial assessment of whether a ClearDebt IVA could be right for you, taking into account all the information that contributes towards making a successful IVA proposal.

Take the ClearDebt IVA Test Now!