Free Interactive Tools

IVA Eligibility &
Debt Calculator

Check if you qualify for an IVA, then use our slider calculator to see exactly how much debt you could have written off.

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5-Question Checker

Do I Qualify for an IVA?

Answer five quick questions for an instant eligibility indicator. Guidance only — not financial advice.

IVA Eligibility Checker

Select the best answer for each question

1. Total unsecured debtCredit cards, loans, overdrafts — exclude mortgage & student loan
2. Number of creditorsCount each lender separately
3. Do you have a regular income?Employment, self-employment, benefits or pension
4. Are you currently bankrupt?
5. Where do you live?

You appear to be eligible for an IVA

Great news — you meet the basic criteria. Next step: use the Debt Calculator above to see how much could be written off, then speak with a free regulated debt adviser.

Find free regulated debt advice →

An IVA may not be your best option

Based on your answers, another solution may be more suitable — a DRO, DMP, or direct creditor negotiation. Speak with a free adviser to explore all options.

Compare all debt solutions →

Get free regulated advice →

SCO Consider a Protected Trust Deed

IVAs are not available in Scotland. The equivalent is a Protected Trust Deed. Read our full guide for details.

Read the PTD guide →

IVAs are UK-only

IVAs under the Insolvency Act 1986 apply in England, Wales and Northern Ireland. Scottish residents should consider a Protected Trust Deed. Seek local insolvency advice if you are based elsewhere.

Indicative guidance only. Not financial advice. Consult a licensed IP or free debt charity.

Core Eligibility Requirements

The 5 Criteria You Need to Meet

An IVA is suitable when you meet all five of these requirements. Your Insolvency Practitioner will verify your full situation in detail during a free consultation.

At least £6,000 unsecured debtOwed to 2+ creditors. Includes credit cards, loans, overdrafts, payday loans, HMRC.
Two or more creditorsYou must owe money to at least two separate lenders.
Regular incomeEnough disposable income to fund monthly payments — typically £80–£100+/month after living costs.
EN/W/NI
UK resident (England, Wales or NI)Scottish residents use Protected Trust Deeds instead.
Not currently bankruptNo active bankruptcy order. Previously discharged bankruptcies may qualify.

Next step: Switch to the Debt Calculator tab to see an instant estimate of how much an IVA could write off based on your debt and income — no personal details needed.

Live Slider Tool

IVA Debt Relief Calculator

Drag the sliders to match your situation. Results update live. Try a preset scenario to see typical outcomes.

How Much Debt Could You Write Off?

Adjust any slider — your estimated outcome updates instantly below

Quick scenarios
Total unsecured debt
£15,000
£6,000£100,000
Monthly disposable income
£150/mo
£80/mo£1,000/mo
Number of creditors
4
220
IVA term
60 months
60 months (standard)72 months (homeowner)

How to Use This Tool

Total debt: All credit cards, loans, overdrafts, payday loans, HMRC. Not mortgage or student loan.

Monthly income: Disposable income after ALL essential costs — rent, food, utilities, transport, childcare.

Term: 60 months is standard. Homeowners unable to release equity may have a 72-month term.

Your Estimated Outcome
40%
written off
Repaid: £9,000
Written off: £6,000
Total debt£15,000
Monthly IVA payment£150
Total repaid over term£9,000
Estimated written off£6,000 (40%)
Creditors consolidated4
IVA term60 months

Illustrative only. IP fees (~15–25% of contributions) are deducted before creditors receive payment. Always get a personalised assessment from a licensed IP.

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Official sources

Not Sure an IVA is Right?

Alternative Debt Solutions

An IVA suits many situations but not all. Here are the most common alternatives — click any for a full guide and IVA comparison.

Best for: Manageable debts

Debt Management Plan

Repay all debts at a reduced rate. Free to set up via charity. Not legally binding but widely accepted by creditors.

Full DMP guide →
Best for: Very low income

Debt Relief Order

Formal solution for debts under £30,000 with very low income. 12-month freeze then debts cleared. Just £90.

Full DRO guide →
Best for: Last resort

Bankruptcy

Writes off debts but assets including your home may be sold. Carries employment restrictions in some roles.

Full Bankruptcy guide →
Compare All 6 Debt Solutions →