Pure Financial Management,
Unit 3 Thornes Office Park,
Monckton Road, Wakefield,
West Yorkshire
WF2 7AN

Tel: 0844 855 0 225
Fax: 0844 855 0 229

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IVA (Individual Voluntary Agreement)

Applies to individuals, sole traders and partners.

It normally lasts 5 years so that you can re-pay your reduced debts over a max of 5 years, and an Insolvency Practitioner will be appointed to calculate how much you can afford each month. You need 75% of your creditors to agree to any proposals and once accepted payments can be made and no creditor can take further action unless you break
the agreement.

This is an alternative to Bankruptcy.

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