Business IVA | Self Employed IVA | Sole Trader IVAs
What is a Business IVA?
A Business IVA is an IVA application where the applicant is a sole trader and the debts are both business and personal debts. If necessary this type of IVA can also be set up to ensure the business remains trading.
We are the UK leader in this type of IVA case and we have developed great relationships with creditors such as HM Revenue and Customs to ensure support for businesses in temporary financial difficulties.
Who can apply for a Business IVA?
Anyone who meets the criteria for an IVA and is self employed or has a business.
IVA Criteria
-Debts over £15,000
-2 or more creditors
-At least £200 to offer creditors per month
If you meet the above criteria an IVA may be right for you and you could have a large portion of your debts legally written off.
What is the process of applying for a Business/Self Employed IVA?
1) Contact us on 0800 043 5135 or fill out our application form and we will call you.
2) Tell us about your circumstances, debts, income, living costs etc
3) We will then discuss your options.
4) If a Business IVA is appropriate for your circumstances we can start working on your case.
5) We will draft your IVA proposal and send it to you for your review and signature .
6) We contact your creditors with your IVA proposal and ask them to accept it.
7) Upon acceptance you will start making payments as agreed in your proposal.
8) Upon successful completion of your IVA any remaining debts will be written off and you will be completely debt free.
