Individual Voluntary Arrangements (IVA)

Insolvency Service publishes new IVA protocol

4th June 2025 Consumer Collections | #Individual Voluntary Arrangements (IVA)#IVA protocol

The Insolvency Service has published a revised Individual Voluntary Arrangement (IVA) protocol to improve the service currently offered to people in debt and safeguard them from poor practice. IVAs are a legally binding agreement between a person who is insolvent and their creditors. The new protocol includes an easy-to-read ‘key facts’ document, which will be given to…

£48.8m lost on fees tor failed IVAs

17th January 2025 Arrears and Recoveries | #Individual Voluntary Arrangements (IVA)

People in debt have lost £48.8 million on fees for failed Individual Voluntary Arrangements (IVA), with many steered into an inappropriate debt solution by unscrupulous firms offering bad advice according to research by Citizens Advice. The charity has found two thirds of people were not told a key piece of information before entering into an…

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Individual Voluntary Arrangements (IVA)

Insolvency Service publishes new IVA protocol

£48.8m lost on fees tor failed IVAs

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