Debt Management »
We'll come up with a debt management solution based on your individual circumstances.

Debt Consolidation »
Our experts can guide you through the range of debt consolidation options available.

Debt Help »
Kensington Financial Management Consultants are experts in providing debt help.

IVAs »
If you have a significant debt problem, you may be eligible to begin this legal process.

Trust Deeds »
A Trust Deed can lead to a significant proportion of your debt being written off.

Bankruptcy »
A Debt Management Plan, IVA or Debt Consolidation should be considered first.

How to use an IVA to Shield Yourself from Bankruptcy

Individual voluntary arrangements (IVA) first came to pass in 1986 in conjunction with the Insolvency Act and since that time over two decades ago, many thousands of people across the UK have utilised an IVA in order to prevent bankruptcy and the myriad of negative implications which go hand in hand with declaring oneself as bankrupt. An IVA is essentially a means by which to show your creditors that you aim to pay back your debts and is a legally binding agreement between creditors and those in debt. One of the principle benefits of an IVA for those experiencing profound debt problems and facing bankruptcy is the fact that, in many cases, an IVA will significantly reduce the amount that an indebted individual has to repay. In order to best understand how an individual voluntary arrangement can work for you, it is prudent to speak to specialist IVA providers who are well versed in the processes that underpin individual voluntary arrangements and will offer advice that will help stave off bankruptcy.

IVA – A Clear Choice for those Struggling with Debt Management Problems

It is safe to say that in the last 12 months alone, individual voluntary arrangements (IVA) have positively soared in popularity and this is largely due to the fact that most indebted consumers and homeowners have now come to realise just how many tangible benefits and IVA can have when it comes to getting their finances on track. For example, with an IVA most will find that the high interest rates that were likely to have been problematic with their repayments beforehand will be frozen and they can go about making more manageable repayments, usually over a period of 60 months, until they become debt free and by opting for an IVA, they won't be lumbered with the negative consequences that are prevalent with declaring bankruptcy.

IVA – Weight of the Shoulders

It really is a horrible burden to be in debt and faced by bankruptcy, which is why so many consumers and homeowners are relieved with the emergence of individual voluntary arrangements (IVA) as a viable means of stepping clear of large level debts. Once a IVA has been successfully completed, the individual in debt will be issued with a Statement of Completion and will be officially considered debt free from that point onwards.

Speak to Kensington Finance about an IVA

Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.