IVA Squirrel : Will my IVA proposal be accepted?

IVA Squirrel - Debt and IVA Advice from an IVA Expert

Will my IVA proposal be accepted?

	Generally speaking, from the creditors’ point of view, an IVA is the lesser of two evils. If you were to go bankrupt, the chances are the creditors will receive far less money than if you do an IVA. Because of this, even though an IVA would require the creditors to write off a lot of money, they usually feel that half a loaf of bread is better than no bread at all. Whether your particular IVA is accepted, however, is a different question. Sadly, the amount of IVA proposals that are successful is only 60-80%. However, 99% of IVAs proposed by Thomas Charles & Co Ltd clients are accepted. This is because at Thomas Charles & Co Ltd, we take great care to research the financial circumstances of our clients thoroughly and professionally. Furthermore, an experienced Thomas Charles Debt Advisor completes the documentation on the client’s behalf, and each client has a face to face meeting with their Insolvency Practitioner. We are so confident, in fact, in the service we provide, that we operate a ‘Thomas Charles Promise.’ This means that if, for any reason, your IVA is rejected by the creditors, we will refund your money in full – and in addition, we will give you £500 in compensation, credited directly to your bank account. It is clear, then, that the success of your IVA depends to some extent on the company that handles it. A professional company such as Thomas Charles & Co Ltd will ensure that any issues that may endanger your IVA proposal are fixed straight away – before your proposal is put forward to the creditors. It is worth bearing in mind that if your IVA is rejected, you may find that you have to resort to an informal repayment plan or Bankruptcy. As such, it is of critical importance that you give yourself the highest possible chance of success through using the very best IVA representation on the market.

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Find out if you can do an IVA:

Total debt (not including mortgage)

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No. of Creditors (Companies you owe money to)

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Monthly Income (approx)

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Monthly Expenses (don't include debt repayments)

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	This wizard will tell you whether the IVA is the right solution for you, what the monthly repayments would be and how much of your debt an IVA would write off. If an IVA isn't the right solution then the wizard will recommend 1 of 3 other possible options.