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    What Is an IVA

    The IVA (Individual Voluntary Arrangement) was introduced by The Insolvency Act of 1986 as an alternative to bankruptcy which benefits both the debtor and the creditor. An IVA enables people facing financial difficulties to come to a formal agreement with their creditors rather than having to face bankruptcy.

    The IVA represents an exciting new opportunity to those facing serious debt to both avoid bankruptcy and to make a fresh start. In this article, we’ll answer the most frequently asked quest

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    of 1986 as an alternative to bankruptcy which benefits both the debtor and the creditor. An IVA enables people facing financial difficulties to come to a formal agreement with their creditors rather than having to face bankruptcy.

    The IVA represents an exciting new opportunity to those facing serious debt to both avoid bankruptcy and to make a fresh start. In this article, we’ll answer the most frequently asked quest

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    ople facing financial difficulties to come to a formal agreement with their creditors rather than having to face bankruptcy.

    The IVA represents an exciting new opportunity to those facing serious debt to both avoid bankruptcy and to make a fresh start. In this article, we’ll answer the most frequently asked quest

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    face bankruptcy.

    The IVA represents an exciting new opportunity to those facing serious debt to both avoid bankruptcy and to make a fresh start. In this article, we’ll answer the most frequently asked quest

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    avoid bankruptcy and to make a fresh start. In this article, we’ll answer the most frequently asked questions about the IVA.

    What Are the Advantages of an IVA

    • With an IVA you only pay back an agreed percentage of your debts
    • While an IVA is in place, it is illegal for your creditors to harass you
    • With an IVA, interest on your loan is frozen which means that your debt won't keep growing
    • An IVA doesn't affect your professional status or ability to hold public office like bankruptcy doe

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