Start an IVA

Confidential & professional assistance with going bankrupt for people across the United Kingdom

Starting an IVA can be daunting. Using our assistance service will ensure you get off on the right foot.

We will make sure you understand all the implications of being in the Arrangement from what happens if your income increases to the options if you are unable to maintain the agreed payments.

The service is provided by IVA expert James Falla. We don’t operate a call centre. You get direct access to James. You can call him any time you have a question or need to discuss any aspect of your case.

Summary of our Start an IVA Service

Our IVA service covers far more than simply advising you about the IVA solution. It includes all of the following:

Review of your financial circumstances and alternative debt solutions

Before we help you start an IVA, we will conduct a thorough review of your financial circumstances and goals.

No one debt solution fits every situation. We will explain the different debt solutions open to you and the pros and cons of each based on your personal situation.

Most monthly payment IVAs last for 5-6 years. We want to ensure that fully understand the implications and its right for you before you start.

Preparing your income and expenses budget

Getting your income and expenses correct is a vital part of the IVA application process. It is the basis of establishing the monthly payments that you will pay into your IVA.

We will ensure your expenses budget is completed corrected and nothing is missed. As a result the Arrangement will be based on a monthly payment you can afford

Completion of your statement of affairs

Together we will review your financial situation and record everything in your statement of affairs document. This will be used in the preparation of your IVA proposal and agreement with your creditors.

Your Statement of Affairs will include details of your income, expenses, assets and debts. There will also be information about the background to your case.

We will collect documentation from you to confirm all the various information we put in the document.

Starting your IVA

Once you have reviewed and agreed all the information in your Statement of Affairs, this will be passed to our preferred IP (Insolvency Practitioner). They will want to speak to you to make sure you are happy to go ahead with your IVA. They will then draft your IVA Proposal which you will sign.

A copy of your IVA proposal will then be circulated to all of your creditors. They are normally given 2-3 weeks to review the document. At the end of this period, there is a meeting of creditors where your IVA is agreed. It will be accepted if 75% of your voting creditors (by value) accept it.

Your monthly payments start the month after your IVA is accepted. You will be able to decide the best day in the month for you to make your payment.

Why choose IVA Expert?

Direct support from James Falla. James has been advising people about using an IVA to resolve their debt problems for over 25 years.

During this time he has built up a unique expertise of the process and what you can expect.

James has worked with hundreds of people with a wide range of backgrounds and problems. There is really very little that he has not seen and provided advice on.

The clients that James has already work with praise him for his quick response to any queries or concerns, his patience and reassuring style. But don’t just take our word for it. Have a look at what some of the clients James has already worked with have to say:

Read Our Testimonials

Cost

Our IVA Service is Free

We do not charge you for any of the advice we provide or for any work we undertake in assisting you with starting your IVA. You do not pay for our help with producing your income and expenses budget, your statement of affairs document or the drafting of your IVA proposal.

Insolvency Practitioner Fees

Once your IVA is accepted the Insolvency Practitioner will then charge Nominee and Supervisor fees. You do not pay these directly. They are taken from your agreed IVA payments.

Insolvency Practitioner Nominee Fee

The Insolvency Practitioner who presents your IVA proposal to your creditors is called your Nominee. The work of the Nominee includes:

An initial meeting on the telephone to review your statement of affairs
Preparing your IVA proposal document
Liaising with your creditors
Convening and running the meeting of your creditors,

The Nominee Fee charged for this work is normally £1500 although this could be more in certain circumstances.

Note: Once your IVA is accepted your Insolvency Practitioner will pay us an amount equivalent to 75% of the agreed Nominee Fee for our assistance with drafting your IVA proposal. This cost is paid by the Insolvency Practitioner and is not an additional cost to you.

Insolvency Practitioner Supervisor Fees

The Insolvency Practitioner who manages your IVA once it is agreed is called your Supervisor. The work of the Supervisor includes:

Monitoring the payments you make
Making payments to your creditors as required (monthly, quarterly or annually)
Generally monitoring the progress of your IVA in accordance with the proposals
Carrying out an annual review of your circumstances
Working with you to manage any changes in your financial circumstances

The Supervisor Fees charged for this work are normally based on 15% of the amount that you pay into your IVA after the Nominee fee and initial costs have been deducted.

Request a confidential call back to discuss an IVA

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or call us on: 0800 180 8012

How It Works

Advice

Get free, confidential advice about your situation

Explain what an IVA will mean for you

Help you decide whether this is the right solution

Preparation

Complete your financial statement document

Prepare your income and expenses budget

Complete your statement of affairs document

IVA Accepted

IP drafts your IVA proposal

Creditor meeting held and IVA agreed

Payments begin as agreed

Support

Support and assistance during your IVA

Advice if your income or expenses change

Optons if you get a windfall

Completely FREE advice

Confidential conversations

Expert help always at hand

Start an IVA. Write off unaffordable debt and get legal protection for you and your home.

James, I wanted to take a moment to express my deepest gratitude for your invaluable support and guidance throughout the process of resolving my complex financial situation.

I cannot emphasize enough how much your professionalism and friendliness meant to me during this challenging time. Your willingness to listen attentively to my concerns and provide prompt, thorough responses to my inquiries alleviated much of the stress I was experiencing.

Your openness and transparency throughout the process were greatly appreciated and helped me feel reassured every step of the way. I wholeheartedly recommend your services to anyone facing similar challenges. Your support has made a significant difference in my life.

J B Mafa

February 18, 2025

James Falla was fantastic. From start to finish of my IVA he explained everything very clearly. Can’t thank him enough for what he did.

Hannah R

February 15, 2025

James Falla at IVA Expert was non judgemental to our situation. He was extremely knowledgeable and helpful. He put out minds at ease and was very honest each stop of the way.

Gav & Lisa

January 27, 2025

James has been absolutely brilliant, he really knows his stuff and has helped me in finding the best debt solution for my own personal circumstances.

I was in a very dark place before I found James, and he helped me see that there was hope and light at the end of the tunnel. He didn’t judge and doesn’t just read off a script! I don’t know where I would be now without him. A very heartfelt thank you and I would definitely recommend him.

Natalie B

November 25, 2024

James Falla is compassionate and understood the sensitivity of dealing with me.

James, I cannot thank you enough for your help and assistance with my IVA process always there for a chat and guidance where needed even if it was on your own time.

Thank you again for all your help and support.

J Barber

November 4, 2024

James, you were simply fantastic. You guided me through the IVA process perfectly. Your manner with me was impeccable and I could not have wanted more. From the very first meeting I made you aware of my condition which can affect my understanding and you took it upon yourself to make sure I understood the options that were available to me, but more importantly, which options were appropriate for me.

The feeling of relief that this chapter of worry is behind me is down, in the most part, to yourself – had you not been so approachable, I likely would not have felt comfortable discussing my situation with you. The services you offer, and more importantly you, have put at ease the most extended and worrisome years of my life. Thank you

Dan N

October 9, 2024

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