Individual Voluntary Arrangement

An IVA - or Individual Voluntary Arrangement to give it its full title – helps people who are struggling to make repayments to clear and write off debt. An IVA is a legally binding agreement. This means the IVA provides protection to you because creditors cannot petition for your Bankruptcy. It...
Find Out More ->

If you qualify for an IVA, we will forward your case to a licensed Insolvency Practitioner who will create an IVA proposal and present it to your creditors. For the IVA to be approved, the proposal must be accepted by 75% of your creditors (by value of your debts). Once in place,...
Find Out More ->

At Baines & Ernst we’re committed to helping people find their way out of debt with effective debt solutions that are built to meet their individual circumstances. If you have: Three or more creditors Over £15,000 worth of unsecured debt Problems meeting repayments Proof of income Then you could qualify for an IVA! Is an IVA...
Find Out More ->

What is insolvency? Insolvency basically means that you are unable to make payments towards your debts. Many people struggling with substantial amounts of debt think that Bankruptcy is their only option – but it’s not! Become legally protected with an IVA If you have debts of £15,000 or more, an IVA could be the...
Find Out More ->

As one of the UK’s longest established debt specialist companies, we’ve helped over 100,000 people escape the pressure of debt. Our services are tailored to meet your specific needs to ensure you’re provided with the right solution for your individual circumstances, that’s why all of our initial consultations are free. As part...
Find Out More ->

How do I contact Baines & Ernst? Will an IVA affect my credit rating? Will an IVA prevent my creditors taking further recovery action? Does an IVA cover all of my debts? Is this a loan? What is the difference between a secured and unsecured debt? Will I be credit checked before acceptance? Can an individual creditor...
Find Out More ->