Individual Voluntary Arrangement


An Individual Voluntary Arrangemeny (IVA) is suitable for those who can offer a realistic repayment schedule by either introducing third party funds, future earnings or the disposal of assets.

Individual Voluntary Arrangement - Eligibility

An Individual Voluntary Arrangement can only be implemented however if the majority of creditors agree to the proposal.

An Individual Voluntary Arrangement can be drawn up for such individuals as:

Private individuals
Company Directors (liable under personal guarantees)
Partnerships
Sole Traders
Benefits of an IVA

The benefits of an IVA are its flexibility and it may prove to be cheaper to administer for the creditors than bankruptcy and therefore it is anticipated that there will be a better return to creditors.


What Next?


If you would like to speak with one of our Invoice Discounting specialists simply complete our contact form. Alternatively you can call us on 01953 455 766, email us at info@mcm-inc.co.uk


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