About IVA

IVA (Individual Voluntary Arrangements) is a legal and court approved debt restructuring method that helps the applicant to clear his/her debt comfortably. The applicants could avoid consequences of bankruptcy, and allow to repay his/her debt at fixed terms, amounts and rates. We would appoint a qualified accountant as Nominee of the applicant. The Nominee would analysis and evaluate applicant’s debt profile and responsible for writing up a proposal, as well as the Statement of Affairs to all creditors. We would also engage a qualified lawyer for the applicant for applying an Interim Order from the court prohibiting anyone from engaging in any lawsuit against the applicant. When the creditor with more than 75% of total debts agree with the proposal, the applicant would start making repayments according to the recommendations. IVA takes an average of 3 to 7 years, depending on the applicant’s income and debt ratio.


Avoid all the consequences and limitations of bankruptcy
Not affecting your job (will not give notice to your employer)
Retain professional qualifications
Allow to operate your own business
Retain properties
Retain bank accounts
No supervision on departure


Applicant’s Total Assets Value < Debt Value
Applicant’s Monthly Income could not cover the Lowest Repayment Requirement after deducting basic living expenses
Applicant has stable job income and does not prefer bankruptcy
Debt value not less than 10 times of monthly income


Contact Us

Bankruptcy Administration

Address: 4th Floor, Double Building, 22 Stanley Street, Central, Hong Kong [MTR: Central Station, Exit D1]
Tel: 2523 9308
Fax: 2523 4159

IVA (Individual Voluntary Arrangement)

Address: 5th Floor, Double Building, 22 Stanley Street, Central, Hong Kong [MTR: Central Station, Exit D1]
24 Hours Enquiry Hotline: 6106 0330
Whatsapp: 6106 0330
Wechat: 6106 0330
Email: [email protected]

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