Individual Voluntary Arrangement Frequently Asked Questions

If I am in an IVA do I have to make a PPI claim?

Can you be forced to make a PPI claim during an IVA? What happens to any compensation paid? Is the compensation yours after your IVA is completed?

The Law Governing IVAs

The Law governing the IVA debt solution. What are the legal criteria for starting an IVA? The introduction of the IVA Protocol.

How will my house be affected if I do an IVA?

What happens to your house in an IVA? Will you have to release equity? What if you can’t remortgage? The affect on a jointly owned property.

Which Debts are included in an IVA?

The debts that are included in an IVA. Is it possible to add HMRC debt? Which debts can’t be included. Can you choose to leave a debt out?

What happens if my IVA Fails

Why could your IVA fail? What happens to your debts if this happens? Will you have to go Bankrupt? What are your other options?

What is a SIVA?

An overview of the SIVA – Simple IVA

How can I Complain about my IVA

How to complain about your IVA or IVA company. Who can you escalate your complaint to if you are not happy with the response?

Can a CCJ be included in an IVA

Can an existing CCJ be included in an IVA? Are you protected against future CCJs? What happens to an Attachment of Earnings? Is a Charging Order overturned?

Will my Creditors Accept an IVA

Why will Creditors accept your IVA? Do they all have to agree? When do Debt Collection actions stop? What if your IVA is not accepted?