This section covers information about how an individual voluntary arrangement (IVA) is managed once it’s set up. It includes information on what to do if your circumstances change or if the IVA fails.
Explains how an individual voluntary arrangement is managed, including how payments work, what happens to assets and annual reviews.
Explains your duty to report any unexpected increase to your income during your individual voluntary arrangement and lists other changes in circumstances you must tell your insolvency practitioner about.
How to deal with debts you didn’t realise you had, from ‘unknown creditors’, which appear after an individual voluntary arrangement is in place.
Explains the options available to you if your individual voluntary arrangement fails.