Independent Advice
No Bankruptcy. No loss of Dignity
IVA Scotland
IVA Scotland: The Way Out of your Debt (Without More Debt!)
Apply For The IVA or Debt Relief Plan For Your Own Circumstances
Independent Advice. No Bankruptcy. No loss of Dignity.
The equivalent of an IVA in Scotland is the Protected Trust Deed. IVAs as such are not available north of the border. The Protected Trust Deed is the equivalent of an IVA, Scotland's own historically highly successful instrument against personal debt and a much better alternative to sequestration.
One chief benefit of an IVA in Scotland (or PTD) is that it will immediately reduce the debt by a large proportion.This great cut in the amount of debt makes a considerable difference and is the chief thing that distinguishes this from an otherwise conventional debt management plan.
Complete the application form below for impartial advice that's best for you.
If you have at least two accounts in debt, and total debts of £2,000 or more, use the form below to see if you qualify. (If you owe less than this, or are on state benefits, then use this link to apply.)
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Please be aware that figures entered need to be accurate by law, and to give the best service to you. It is extremely important that you budget for all necessary expenditure including rent or mortgage, council tax and utility bills, etc., and any other necessary outgoings related to the upkeep of your household and inrelation to any specific circumstances that may relate to you. This website only collects data on behalf of debt management professionals, from which it will receive affiliate remuneration for data collection only and does not itself engage in any debt management services. Other debt management options are available and may be more suitable. People entering into an IVA or debt management will have this entered on their credit profile and this may affect their ability to get credit in the short term or even in the long term in some cases. It is free to apply from this website; you will be given advice by debt management professionals and a 'cooling off' period, by law, to decide whether or not the debt management plan is suitable for you, and you should be aware that a fee will be chargeable upon a successful arrangement, as with any commercial transaction. Failure to meet the repayments on an IVA or any debt management programme may result in serious consequences, including, but not limited to, bankruptcy. Bankruptcies, CCJs and similar defaults will be entered into a public register and will remain there for a statutory period of not less than six (6) years.
Consumer Credit Licence number 633327.
IVA Scotland: Useful Links
Take a look at the Insolvency Service's leaflet called 'In Debt', downloadable here.