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The IVA plays an increasingly important role in the resolution of the financial
problems suffered by the minority of borrowers who experience difficulties,
having taken advantage of the credit market. It also plays a major part in their
subsequent rehabilitation.
The IVA provides a flexible solution to debtors’ financial problems, balancing their need for the certainty of reasonable payments over a set, planned timetable against the need to maximise returns to creditors.
This guide explains in depth, the standard condtions set for Indvidual Voluntary Arrangements including miscellaneous definitions, Nature and effect of the Arrangement and Existing proceedings against Debtor.
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