Individual Voluntary Arrangement

UK insolvency law.

(IVA).

An Individual Voluntary Arrangement (IVA) is an agreement between an individual and their creditors to pay all or part of the individual's debts.

The individual agrees to make regular payments to an insolvency practitioner, who divides this money between the creditors.

See also

• Administrator
• Company voluntary arrangement
• Creditors
• Insolvency
• Insolvency practitioner
• Liquidator