Registered Address: New Cambridge House, Bassingbourn Road, Litlington, Royston, SG8 0SS. Tel: 01279 501105/07891 086366

Company Registration Number: 06794520. VAT Registration Number: 945 1302 43.

CSEJ is registered under the Data Protection Act (registration number Z1722736). Consumer Credit License (number 628494)  

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Business Individual Voluntary Arrangement (IVA)

A sole trader or partner can enter into a formal arrangement with his or her creditors to pay them as much as they are able to afford over a 5 year period in full and final settlement of their debts. This formal arrangement, or IVA, enables interest charges to be frozen, debts often to be significantly reduced, protection to be given from creditor actions or bailiffs and bankruptcy to be avoided. Sole traders and partnerships can continue businesses with a viable future after entering into an IVA.



Bankruptcy is one way of dealing with debts you cannot pay. The bankruptcy proceedings:


  • free you from overwhelming debts so you can make a fresh start, subject to some restrictions; and
  • make sure your assets are shared out fairly among your creditors.
  • anyone can go bankrupt, including individual members of a partnership. There are different insolvency procedures for dealing with companies and for partnerships themselves.