Individual voluntary arrangements explained
Lists the debts that can and cannot be included in an individual voluntary arrangement and whether it is appropriate to include joint debts.
Summarises what an individual voluntary arrangement is, how repayment works and whether some of your debt can be written off.
Explains how much it will cost to apply for an individual voluntary arrangement and when and how to pay the insolvency practitioner who sets up the arrangement.
Explains the income and assets you must have to be eligible for an individual voluntary arrangement.
Explains why you might choose a fast track voluntary arrangement, in order to cancel your bankruptcy, and how to apply to the Official Receiver to set one up.
Explains why choosing an individual voluntary arrangement may be preferable to going bankrupt and points out some of the risks and benefits.