Individual Voluntary Arrangement (IVA)

Individual Voluntary Arrangements (IVAs) were established in 1986 as an alternative to bankruptcy, aimed at enabling individuals who have assets or income (or both) to repay at least some of their debt, resulting in higher returns to creditors than bankruptcy.

It is often in the best interests of the creditors and can allow an individual to carry on in their profession.

IVAs create a binding contract between debtors and creditors, enabling individuals to make manageable repayments over a period of time, normally 5 years, without incurring further interest. An IVA proposal will be put to creditors and voted on. For a proposal to be approved, at least 75% by value of the creditors have to vote in favour. Once approved, the proposal is supervised by a Licensed Insolvency Practitioner. An IVA will bind all creditors who were entitled to vote.

Accordingly, any IVA proposal should be based on the level of debt the individual can reasonably afford to pay over a given period and may provide for partial or full repayment

“Individuals in an IVA make regular payments to the Insolvency Practitioner that administers their IVA,who then distributes the money between the individual’s various creditors.”


Saud & Co. are experienced to help you with professional advice to make a viable IVA’s proposal. Saud & Co. will assist you in the drafting of all necessary documents and will deal with all your creditors.

Saud & Co, Registered office: 21 Highfield Road, Dartford, Kent DA1 2JS
Tel 0208 304 0609 - Fax 0700 608 8816
Saud & Co is a trading name of Saud & Company Limited.
Company Registration Number 08402929 – VAT registration 726 1719 34
Authorised by the Insolvency Practitioners Association to act as Licensed Insolvency Practitioners in the UK