What is an iva

05jay

I've been offered an iva to clear and manage my debts how does it work 

Neil49

https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/individual-voluntary-arrangements/individual-voluntary-arrangements-explained/

Grumpelstiltskin

05jay said:

I've been offered an iva to clear and manage my debts how does it work 

Whatever you do research it first DON'T jump into an IVA without independent advice.

fatbelly

It's bankruptcy for someone with an asset (like a house) to protect

https://debtcamel.co.uk/debt-options/iva/

How much equity do you have in your house?