The Student Room Group

What Is An Individual Voluntary Arrangement (IVA) ?

Heard that Individual Voluntary Arrangement (IVA) is a legal agreement, can we waive off different kinds of debts in a safe and private way, and handle our finances thereon in a much better way.
(edited 4 years ago)
Reply 1
www.gov.uk/options-for-paying-off-your-debts/individual-voluntary-arrangements

not a waive, but an arrangement you make with creditors to pay off some or all your debt. it's instead of going bankrupt.

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