Who is eligible for an IVA?

People with sufficient unsecured debt, a viable proposal for creditors, and access to a licensed IP typically explore IVAs. Exact suitability depends on income, assets and creditor composition.

Is there a minimum debt for an IVA?

There is no single statutory minimum, but many IPs look for debts of several thousand pounds so the arrangement is practical for creditors.

Can homeowners enter an IVA?

Yes, homeowners can enter IVAs. Equity is often addressed in the proposal, sometimes via an extended term rather than an immediate remortgage.

How much are typical IVA fees?

Typical combined fees often fall around £3,600–£5,000, usually paid from monthly contributions. Confirm in writing with your IP.

Does this checker approve my IVA?

No. Only creditors voting on a proposal prepared by a licensed IP can approve an IVA. This tool is educational.

Tools

IVA eligibility checker

An Individual Voluntary Arrangement may be suitable if you live in England, Wales or Northern Ireland, have unmanageable unsecured debts, and can offer affordable monthly contributions or assets that creditors are likely to approve through a licensed Insolvency Practitioner. This page explains the usual criteria and includes an interactive checker — it is not a decision or personal advice.

In England and Wales, personal insolvency solutions include IVAs, bankruptcy and Debt Relief Orders. Different rules apply in Scotland and Northern Ireland.

Reviewed: 1 March 2026 by Editorial Team

Usual points advisers review

Your total unsecured debts and creditor list.
Disposable income after essential spending.
Assets including home equity and vehicles.
Previous insolvency history and county court judgments.
Whether creditors are likely to approve the proposal.

Interactive checker

This tool runs in your browser. The page above already explains the criteria in HTML for search engines and accessibility.

Total unsecured debts (£)Monthly surplus (£)I own a home (solely or jointly)

An IVA is often discussed in situations like this

IVAs usually need unsecured debts that creditors will approve and affordable monthly contributions supervised by a licensed IP. This tool is indicative only.

Frequently asked questions

Who is eligible for an IVA?: People with sufficient unsecured debt, a viable proposal for creditors, and access to a licensed IP typically explore IVAs. Exact suitability depends on income, assets and creditor composition.
Is there a minimum debt for an IVA?: There is no single statutory minimum, but many IPs look for debts of several thousand pounds so the arrangement is practical for creditors.
Can homeowners enter an IVA?: Yes, homeowners can enter IVAs. Equity is often addressed in the proposal, sometimes via an extended term rather than an immediate remortgage.
How much are typical IVA fees?: Typical combined fees often fall around £3,600–£5,000, usually paid from monthly contributions. Confirm in writing with your IP.
Does this checker approve my IVA?: No. Only creditors voting on a proposal prepared by a licensed IP can approve an IVA. This tool is educational.

Primary source: The Insolvency Service (GOV.UK)