Best IVA Companies 2025

When looking for an IVA company you need to choose a reputable insolvency practitioner.

The best IVA company 2025 is there to assist you with debt help support.

There are many insolvency practitioners to choose from but here is the updated list of the top-rated IPs in the UK.

Here are some options for IVA companies to contact in December 2025:

Abbotts Insolvency
Hanover Insolvency
Trust Debt Advice
Debtline
NTF Financial Solutions Insolvency
Debt Care
Creditfix Insolvency
Stepchange

*Best-Companies.co.uk is for information purposes only. Nothing constitutes professional or financial advice as per finance legal disclaimer*

What is an IVA Company?

Individual Voluntary Arrangements are generally called IVA.

It’s a formal, contractual debt arrangement between you and an insolvency practitioner.

What is an IVA company

The insolvency practitioner takes care of your debts and lowers the payments per month to one affordable monthly payment.

The individual voluntary arrangement lasts five years and is a contract between you and the chosen insolvency practitioner.

Interested In Finding Out More About The Debt Solutions Available?

Find Out More

IVA company

An IVA company is the one that organises the setting up of IVAs.

An individual voluntary arrangement is set up and managed by an Insolvency Practitioner (IP).

It’s crucial to choose the best IVA company that suits your needs.

How To Choose the Best IVA Company?

The best IVA company is the one that fits your situation perfectly. In terms of qualities, each company differs from the other. It’s difficult to recommend one company as the best.

How to choose the best IVA company that fits your situation perfectly

It is advised to base your decision on:

Ease of setup with the insolvency practitioner
Cost of fees with the insolvency practitioner
Confidentiality

Did You Know You Can Write Off Up To 85% Of Your Debts?

Do I Qualify?

When choosing an IVA company, you should be looking for the following:

Check it is Free

When arranging for an IVA through companies, consider the one with no upfront fees. Many trustworthy companies do not charge for an IVA.

IVA Reviews

One way to know about a company’s performance is to take a look at customers feedback. The best IVA companies will be highly rated. It usually means that you will have a high-quality experience with the company.

Avoid companies with negative reviews or lack of positive reviews. They are not worth wasting time or money. You can check out Google or Trustpilot for independent reviews.

Cheapest IVA’s

Some IVA companies start their minimum IVA payments on unaffordable levels. It’s hard for those people who are already struggling with debt. Usually, debt charities and debt management companies fall in this category.

It’s important to consider companies that have low minimum monthly payments. It would be easy to afford their monthly fee, even if things took a turn for the worse.

Well established

Look for companies that are well established for several years. Keep in mind that the IVA proposal should be perfect before it reaches you.

An experienced and well-established company will never let you down.

Online availability

An IVA company should be available online. Avoid companies that require a home visit.

Also, stay away from those that ask their customers to visit their office.

Confidentiality

Managing debt is a private issue. Make sure the company you chose, keep your information 100% private. They should not send anything to you without your permission.

They will keep your details confidential all the time and will not share or discuss anyone related to you or not.

How Do IVA Companies Make Money?

An IVA is usually flexible to suit your needs, but it’s expensive as well. It’s because it has to be set up by a professional insolvency practitioner. The IP charges fees for setting and managing your IVA.

This professional service will be provided to you by the IVA company.

How do IVA Companies make money

IVA companies only charge you a fee when your IVA is proposed and accepted by your creditors.

All fees are usually paid out of your regular monthly payments. You don’t have to pay any additional charges.

Once your individual voluntary arrangement is accepted, you have to pay the following fees to the insolvency practitioner:

A nominee’s fee
Supervisor’s fees
Costs/expenses

Find Out The Best Debt Solution Bespoke To Your Financial Situation

30 Second Debt Assessment Quiz

Nominee fee

This fee applies to the professional costs and fees of the company for the organisation of your IVA. It includes:

Preparing your IVA proposal.
Organising the creditors’ meeting. In this meeting, creditors can request changes to the IVA’s terms.

Generally, the cost is between 1000 GBP and 2700 GBP. The fee structure may vary from one company to another.

The Nominees’ fee is the first to be paid before any payments made to the creditors.

Supervisor fees

The Supervisors’ fees cover the continuous work involved in operating your IVA. It usually is charged at 15–18% of any money received by the Supervisor.

It also includes any money distributed to your creditors. Your monthly contributions, any assets and windfall acquired during the term of IVA included as well.

Costs

Companies are entitled to claim back the cost of certain expenses like postage, insurance, etc. and sustained directly in connection with the running of your IVA.

The amount of fees is determined in IVA proposals.

IVA Companies To Avoid

Serious debts are concerning, but what’s even more frustrating? Wasting time and money on debt relief scams and bogus companies. There are several businesses on the market, but not all worth trying.

How to know what IVA companies to avoid

Here are some aspects that scam companies or new companies entail. You should definitely avoid such companies.

Large upfront fee

When you are looking for IVA companies to consider what they are offering. Some companies promise to clear debts and submit IVA on your behalf and charge a fee.

If the company requests a hefty upfront fee, you should avoid such companies.

Warning signs

One of the prominent warning signs is found on the company’s advertisements. Companies claiming to reduce payments to creditors by 75 percent should definitely be avoided. Such claims are virtually impossible to fulfil.

Stay away from companies that make absurd claims. They rarely know what they are dealing with.

Lack of Business Address

Many companies contacted through emails and fliers. Sometimes, the scam companies will advertise in newspapers. One of the main warning signs is that the company operates with only a postal box address.

There is no actual address whatsoever. All this makes it easier for the company to remain hidden. You should avoid such companies at any cost.

License

An IVA company usually requires a consumer credit license from the government. Their IP should have a background in accountancy or law. They are licensed to provide insolvency services.

Check these licenses before agreeing to let the company arrange an individual voluntary arrangement. If a company hesitate or unable to provide these licenses, avoid them. Any agreement you enter into will be legally binding so it’s important to ensure it’s all above board.

Failure rate

Various IVA firms have a failure rate of less than 15%. However, others have over 30%.

When choosing an IVA company, check out their failure rate. If they have high failure rates, it goes without saying you should move to another option.

Extended Time to Issue a Completion Certificate

Usually, firms get most certificates out in twelve weeks after the final payment. Meanwhile, some have many IVAs still open a year later. Avoid companies that took too much time to issue a completion certificate.

Ask for details

The best way to uncover a scam or test a company’s experience is to ask for details.

Make sure to ask for details to uncover a scam or test a company's experience

Ask the spokesperson how they will conduct the IVA arrangements. Get into the specific details. If the company cannot answer, then be careful.

Some other tips to help you avoid scam companies are:

Make sure you choose a free service provider for setting up your IVA.
Invest time with your advisor so he can understand your circumstances.
Your advisor should be knowledgeable and empathic. They should be able to explain all aspects of the IVA solution to you in clear and plain English.
The purpose of any consultation should be to provide you with balanced debt advice. You need to make sure you can make an informed decision on your own terms.
Be cautious of unrealistic contributions.
Beware of the over-promise or guarantee of success.
Always follow your instincts.
Make sure you have a money-back guarantee in case of your IVA rejection.

Interested In Finding Out More About The Debt Solutions Available?

Find Out More

IVA Guidelines

An IVA is a way of reducing your debts to a manageable level, without having to go bankrupt or take out any additional credit, in most cases some of your debt is written off.

It is a quick and easy way to help you become debt-free.

IVA stands for Individual Voluntary Arrangement and is a legally binding agreement between you and your creditors to pay back the money you owe with an affordable monthly repayment over a period of (usually) 5 years.

IVA Guidelines, see how an IVA can help you today

The single, affordable monthly IVA repayment is based on your disposable income and budget.

During the period of the IVA, your creditors must freeze any interest on the debts, and they are not allowed to pursue the debt or instigate any legal action to recover it.

At the end of your Individual Voluntary Arrangement, assuming all the requirements of the IVA have been satisfactorily met, all of the debts are cleared and effectively written off and you become debt-free.

Pros

Creditors who vote against your proposal are still bound by it.
Creditors whose lending is unsecured can’t take any further action.
Interest is usually frozen as long as you keep up your payments.
Your insolvency practitioner will help you prepare your proposal, including agreeing on the level of your household and personal spending based on guidelines acceptable to creditors.
Many insolvency practitioners will allow you to pay their fees for preparing your proposal monthly, as part of the IVA.
You make only a single payment each month or quarter. Your insolvency practitioner is responsible for administering and distributing your payments.
The terms of an IVA will usually enable you or your spouse or partner or relative to make arrangements to buy your share of the net worth of your home or to make extra payments, rather than the home having to be sold. This may be done through a remortgage or a loan. (Net worth means its value after any debts secured on it have been paid.)
On completion of the IVA, the balance of what you owe your creditors is written off.
You may be able to continue running any business you have.
Your IVA is entered on a public register.
The insolvency practitioner may require payment in advance for preparing your proposal and getting your creditors’ agreement.
If there is some equity (value) in your home after taking account of the mortgage(s) on it, you will probably have to pay for your share, usually in the fifth year of your IVA, by remortgaging the property. If you can’t get a remortgage, you may have to continue making monthly or quarterly payments from your income, for up to another year.
If your circumstances change, and your practitioner can’t get creditors to accept amended terms, the IVA is likely to fail. You will then still owe your creditors the full amount of what you owed them at the start, less whatever has been paid to them under your IVA.
If your IVA fails, you may be made bankrupt.

Cons

Your IVA is entered on a public register.
The insolvency practitioner may require payment in advance for preparing your proposal and getting your creditors’ agreement.
If there is some equity (value) in your home after taking account of the mortgage(s) on it, you will probably have to pay for your share, usually in the fifth year of your IVA, by remortgaging the property. If you can’t get a remortgage, you may have to continue making monthly or quarterly payments from your income, for up to another year.
If your circumstances change, and your practitioner can’t get creditors to accept amended terms, the IVA is likely to fail. You will then still owe your creditors the full amount of what you owed them at the start, less whatever has been paid to them under your IVA.
If your IVA fails, you may be made bankrupt.

All UK Insolvency Practitioners

Here is a full list of Insolvency Practitioners in the UK:

The insolvency practitioner list above gives you plenty of options to choose the best IVA firm in December 2025.

Best IVA Companies UK