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How much debt can an IVA write off?

An IVA (Individual Voluntary Arrangement) is a debt solution which could allow you to write off considerable sums while just paying back what you can afford. As for how much debt you can write off, this figure differs depending on your circumstances. Still, on average, we manage around £13,500.


To see how much you could write off, just enter in the total value of your debts below. We’ll do a simple calculation and give you an approximate answer. It’s simple, it’s fast, and based on how much we’ve already written off for our clients:

Your Debt Amount

Total Debt Payable


Debt Write Off


*This calculator is an approximation of the debts you can write off and is based on the average amount we have managed to clear for our customers.

Want to make debt write off a reality?

It’s all very well seeing this on your screen, but if you want to make it a reality get in touch today. You never know, we might be able to write off even more than the amount above.

What is an IVA?

We’ve detailed just about everything you’d want to know on our page; What is an IVA. However, if you want the short version, this arrangement is a financial solution which can be very effective in resolving considerable debts.


A generally preferred alternative to bankruptcy, it’s an agreement between you and your creditors to repay what you can through affordable monthly payments. During this time, interest rates and charges are frozen which help make your debts much more manageable. When the IVA ends, any remaining funds you still owe your creditors are written off.

Do I qualify for one?

This debt solution isn’t available to everyone and those interested should meet the following IVA qualifying criteria:

  • You have debts of at least £6,000 – Although this figure isn’t set in stone, an IVA isn’t available to those who only owe small sums.
  • You have a regular income – As payments must be made, only those with a regular sustainable income should apply. This could be through employment or benefits.
  • You have more than one creditor – Generally, IVAs are only available to those who owe money to multiple parties.
  • The IVA is better than bankruptcy – Your creditors must approve the IVA and, therefore, they should see they are getting more money from the arrangement rather than the alternative.
  • You aren’t based in Scotland – IVAs are not available in Scotland. However, something very similar exists there called a Trust Deed.

Are there alternatives?

Whether or not you meet the qualifying terms for an IVA, there are a variety of things to consider. Although one of the main advantages of an IVA is typically its ability to write off debt, there may be other debt solutions available. They are all different and one might be better suited to your circumstances. To find out more information, get in touch with us today.


We’d be happy to discuss your circumstances and identify the best solution for your needs.

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