what iva in UK

It's very simple. All you do is make one affordable monthly payment to a qualified legal professional who in turn distributes the payments according to the amounts previously agreed by your creditors in an IVA proposal. You do this every month for 60 months and at the end of the term any debt balances you still owe are written off. You don't have to deal with nasty creditors any more and all the hard work is done for you. More on how it works here.