IVA Guides
In-depth guides on every aspect of Individual Voluntary Arrangements - from home equity and mortgages to the IVA process, the professionals involved, and your specific situation.
Your Assets & Finances
IVA & Your Home
The equity clause, remortgaging rules, what happens if you can't release equity, and selling your home during an IVA.
IVA & Your Mortgage
Keeping your existing mortgage, lender notification, and the step-by-step guide to getting a mortgage after an IVA.
IVA & Hire Purchase
HP vs PCP, voluntary termination rights, keeping your car, and what happens if you can't afford the payments.
Settling an IVA Early
How lump sum offers work, what creditors will accept, and the formal variation process to end your IVA before 5 years.
IVA & Windfalls
Inheritance, redundancy pay, PPI refunds, lottery winnings - what must be declared and what happens when you do.
IVA & Your Credit File
How long the IVA stays on your record, what lenders can see, and a step-by-step guide to rebuilding your credit.
IVA Timelines: 5, 6 & 1 Year
How equity, remortgaging, and lump sums determine whether your IVA lasts 5 years, 6 years, or completes in a single payment.
Full & Final IVA
Settle all your debts in one lump sum payment. How it works, what to offer, where the money can come from, and the approval process.
The IVA Process & Professionals
Role of the Nominee
Who the Nominee is, what they do, the Nominee's Report, the Interim Order, and how their role transitions to Supervisor.
Role of the Supervisor
Annual reviews, handling variations, fees, managing the equity clause, and issuing the completion certificate.
The Creditor Meeting
How the 75% vote works, what modifications creditors can propose, and what happens if your IVA is rejected.
IVA Annual Reviews
What is checked each year, documents required, how the 50% income rule works, and what can change as a result.
When an IVA Fails
The breach notice process, consequences of termination, bankruptcy risk, your options, and how to prevent failure.
Your Circumstances
IVA & Self-Employment
Income assessment for variable earners, business debts for sole traders vs limited companies, and HMRC as a creditor.
IVA & Joint Debts
How joint liability works, interlocking IVAs for couples, household income assessment, and your partner's credit file.
IVA on Benefits
Which benefits count as income, which are excluded (PIP, DLA), and whether a Debt Relief Order might be more suitable.
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