IVA

HMRC | Individual Voluntary Arrangements

The Attitude of HMRC to Proposals for Individual Voluntary Arrangements

When a self employed trader becomes insolvent and seeks to offer proposals to creditors for an Individual Voluntary Arrangement (IVA), HM Revenue & Customs (HMRC) is highly likely to be one of those

Insolvency Solutions

Insolvency Solutions for Debtors with Only Benefits Income

A debtor must be insolvent before he or she can offer an Individual Voluntary Arrangement (IVA) to creditors.

Stages of an IVA

The Five Phases of an IVA

Shakespeare wrote about the Seven Ages of Man describing the various succeeding phases of the life of a person of normal lifespan from their birth to their

Insolvency

How Contagious Can Insolvency Be?

Co-habiting partners, whether married or not, share most aspects of their lives.

IVA | Fourth Year Valuation

Fourth Year Valuation & Beneficial Interest Explained Simply

It has long been standard practice for creditors to require of a debtor who owns property and who enters into an Individual Voluntary Arrangements (IVA) with them that he or she should take steps to release some part or even all of the equity in that property and to contribute all or some of the proceeds into the IVA.

Things to avoid in an IVA

Pitfalls to Avoid in an IVA (Individual Voluntary Arrangement)

For anybody who finds themselves to be insolvent and who then offers proposals to their creditors for an Individual Voluntary Arrangement (IVA), it’s an occasion of great satisfaction and sometimes unbridled joy on the day of the Meeting of Creditors (MOC), when they learn that their IVA has been accepted by their creditors.

Approving or Rejecting an IVA

Approving or Rejecting an IVA Can Be a Strange Process

The insolvent debtor who offers a proposal for an Individual Voluntary Arrangement (IVA) to his or her (unsecured) creditors is really in the lap of the gods.

Debt Management or an IVA

Choosing Between Debt Management and an Individual Voluntary Arrangement

Deciding what solution to go for is a serious business for the insolvent debtor.

IVA Payments

Most Individual Voluntary Arrangements (IVAs) last for sixty months and entail making monthly payments over that time.

How Much Will an Individual Voluntary Arrangement Cost?

A concern for people who find themselves insolvent and who are considering entering into an Individual Voluntary Arrangement (IVA) is whether they can afford the costs and fees of the process.