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Fast track voluntary arrangements

Mae’r cyngor hwn yn berthnasol i Cymru

Warning:  Fast-Track Voluntary Arrangements (FTVAs) have been abolished in England and Wales, so no new ones can be made. Existing FTVAs will continue until they are completed.

What is an FTVA?

An FTVA is a type of Individual Voluntary Arrangement (IVA) which is an alternative to bankruptcy. It is a formal, legally binding debt solution which involves paying off your debts in part over a period of time. It is approved by the court and your creditors have to stick to it.

An FTVA must be set up by the Official Receiver. Once the FTVA is made the bankruptcy order is cancelled.

A oedd y cyngor hwn yn fuddiol?
Pam nad oedd y cyngor yn fuddiol?

Dywedwch fwy wrthym am pam nad oedd ein cyngor yn helpu.

A oedd y cyngor hwn yn fuddiol?

Diolch i chi, cyflwynwyd eich adborth.