IVA Calculator

Our IVA Calculator gives an instant indication as to your suitability for an IVA.

Do You Qualify For An IVA?

It boils down to how much you owe, what assets you have, what you can afford to pay into the IVA and the stability of your income to enable you to maintain payments. Take our IVA test now.

Some assumptions are made:

• Where you live
  You live in England, Wales or Northern Ireland.
• Number of creditors
  You need to have 3 lines of credit from at least 2 different creditors. For example a credit card and overdraft with the same bank is 2 lines of credit with one creditor.
• Your financial position
  You need to be struggling to afford the current payments your creditors are demanding from you – and be able to prove this.
• Debts are all in the same name or names
  The debts stated are all in the same name. That is, all in your name or all in the joint names of you and your partner. In the case where there is a mix of the two, IVAs are viable, but the rules are more complex. If this applies to you, then include all debts for now. For more information about this see IVAs and Joint Debts.

This IVA calculator tool shows – based on your assets, liabilities and ongoing income – whether initial indications are that an IVA, Financial Management Plan or Bankruptcy is the best solution for you.

If you qualify for an IVA, how much you would need to pay back is displayed on the page.

If you don’t qualify for an IVA, reasons why are given and the suitability of other options are explained.