IVA - Basic Eligibility Criteria 01Sep08 Individual Voluntary Arrangement or IVA was introduced by the government as part of the Insolvency Act, 1986. It was basically introduced as an alternative to bankruptcy. An IVA supports the interest of both you and your creditors. It is a legally binding contract between you and your creditors that enables you to repay only a certain percentage of your debts to your creditors. The interest on your loan is frozen which does not allow it to grow any
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IVA - Basic Eligibility Criteria
