*Up to 85% of debt can be written off in some individual cases. Depending on your own situation, the amount which can be written off will vary from person to person. Realistic levels of debt to be written off are between 20% and 85%, however this depends on your current credit policy, income and personal assets.
Advice on IVA's can be provided by Insolvency Practitioners and Debt Advisors that are regulated by The Financial Conduct Authority.
Your information will be provided to organisations who will go through your circumstances and tell you about possible debt solutions including IVA's. Help can only be offered following a thorough fact finding service.
There is free debt advice available through the Money Advice Services and they can be contacted on 0800 138 7777.
View the available Insolvency debt options.