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An Individual Voluntary Arrangement ( IVA ) is an agreement with your creditors to pay all or part of your debts. You agree to make regular payments to an insolvency practitioner, who will divide this money between your creditors. An IVA can give you more control of your assets than bankruptcy.
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An individual voluntary arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of ...
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Feb 21, 2023 · An IVA is a legally binding agreement with your creditors – the people or organisations to whom you owe money – to pay all or part of your debts ...
abbreviation for individual voluntary agreement: an arrangement in the UK between a person or company that owes money and the people or companies they owe.
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One option for people struggling to keep up repayments and at risk of defaulting on debts can be an Individual Voluntary Arrangement (IVA). This is a contract ...
An individual voluntary arrangement (IVA) is a legally binding agreement. It helps you pay off your debts at an affordable rate. It is a form of insolvency.