We provide no obligation and confidential advice for anyone struggling to consolidate debts.

SIVA

SIVA (Simple Individual Voluntary Agreement)

  • The Government are planning to introduce these by mid 2007.
  • They will offer a simple alternative to IVAs.
  • This should make the IVA system more accessible to the public.

What is a SIVA?

Due to increasing levels of debt in the UK there has been a dramatic rise in the numbers of people applying for IVAs. This has led the government to review the system nationally. Simple Individual Voluntary Arrangements or SIVAs are planned for 2007 and are intended to simplify the whole IVA process.

Currently an IVA can be agreed if it is approved by creditors representing 75% of the debt amount, under the SIVA scheme this would be reduced to 51% for applicants who owe in excess of £25,000. In addition a simpler IVA application process and contract will be implemented. This should ultimately help more people become debt free as quickly and easily as possible.

Comments are closed.

Customer Testimonial »


As I await confirmation of my final payment to my creditors after years of debt, it occurs to me (not for the first time) that I owe a final debt, of thanks to Dissolve Debt for all the support they have given me over, what has been many years.

The pressure of debt and its associated hardship has taken its toll over time on myself and my family, but because of Dissolve Debt I have been able to get on with my life without the dread every morning of what the postman may bring.

I have always endeavored to pay off what I owe to everybody, but this would not have been possible without Dissolve Debt. I have no doubt that under different circumstances I would have sunk without trace.

Through a number of Dissolve Debt staff, over the years I have had calm support and down to earth advice, most often when I needed a stick to lean on. For that, again, thank you.

There is so much more I could say, however, I look forward to my fresh start and perhaps a holiday.

I wish you all health and prosperity, it is well earned.

Kind regards, Mr. J. M.

More Testimonials »

Recent Blog Posts »


Benefit claimants owe huge debts

Continue Reading »

Personal debt continues to rise

Continue Reading »

Loan sharks saddle the poor with debt and interest rates averaging a whopping 825%

Continue Reading »