IVA Landing – Self Employed
Am I Eligible For An IVA?
We don’t judge. We are open, honest and helpful. We’ll help you to keep you trading and earning.
What Is A Trading IVA?
In practice there are 2 types of IVAs:
Consumer IVA:
For people with relatively simple financial affairs and debts only from personal credit and income from PAYE employment and benefits.
Complex IVA:
For sole trader businesses who manage their own tax affairs with often little distinction between personal and business finances.
Many IVA providers don’t offer IVAs for individuals who are self employed and instead they will refer you to someone who does. We handle complex IVAs inhouse..
How Can A Self-Employed IVA Help Me?
Affordable payments and debt write off
Repayments based on what you can afford – not what you owe. Up to 70% of money owed could be written off.
Interest stopped
No more interest or charges added.
Protection from creditors
No more creditor letters, calls or legal action.
Prioritise creditors
Continued supply of goods and services may be key to enable ongoing trading. We will work with you to identify these suppliers and prioritise them where required.
Flexible repayments
If your business income is seasonal, your creditors may agree to allow payment variations.
Business assets protected
Items needed to maintain your business income will be protected once an IVA is in place.
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