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How long does an IVA run for&does it then clear the debt?

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Re: How long does an IVA run for&does it then clear the debt?

An IVA usually lasts for a period of 5 years at the end of which any outstanding debt is written off. Some debts however are excluded from an IVA such as court fines and secured loans. Please therefore seek the advice from an Insolvency Practitioner regarding this. Get help now - This question was answered by Debt Advice Foundation, an independent UK debt advice charity. If you're considering entering into an IVA or need further help with your IVA, Debt Advice Foundation provides a free, confidential helpline and can advise you and on whether you qualify. Click here to find out more.

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