Individual Voluntary Arrangement: Difference between revisions
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imported>Doug Williamson (Create page. Source: UK Gov webpage https://www.gov.uk/options-for-paying-off-your-debts/individual-voluntary-arrangements) |
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Latest revision as of 18:55, 24 July 2020
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.
