Business Recovery and
Insolvency Practitioners
An Individual Voluntary Arrangemeny (IVA)
is suitable for those who can offer a realistic
repayment schedule by either introducing third
party funds, future earnings or the disposal
of assets.
Individual Voluntary Arrangement - Eligibility
An Individual Voluntary Arrangement
can only be implemented however if the majority
of creditors agree to the proposal.
An Individual Voluntary Arrangement can be
drawn up for such individuals as:
- Private individuals
- Company Directors (liable under personal
guarantees)
- Partnerships
- Sole Traders
Benefits of an IVA
The benefits of an IVA are its flexibility
and it may prove to be cheaper to administer
for the creditors than bankruptcy and therefore
it is anticipated that there will be a better
return to creditors.
For details on terms used pleased
see our glossary.
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Individual Voluntary
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