IVA FAQ

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

Can you keep your Car if you start an IVA? What happens if it is on HP or a Lease Agreement? When can you include car finance debt in an IVA?

What happens to your house if you start an IVA? Will you have to release equity? What if you cannot remortgage? Effect on a jointly owned property.

The debts that can be included in an IVA. Is it possible to include money owed to HMRC? Which debts cannot be included. Can you choose to keep a debt out?

What is an IVA Completion Certificate? When should it be issued? What can you do if your Certificate has not been received. Reasons it could be delayed.

Your circumstances can change during an IVA. What happens to your payments if your income improves or falls? What if your expenses go up or down?

Why could your IVA fail? What happens to your debts if your IVA fails? Will you have to go Bankrupt? The options available after an IVA fails.

What will happen to your Bank Account in an IVA? Should you open a new account and when? What kind should you open? Should you pay for a Managed Account?

An overview of the SIVA – Simple IVA

Is it possible to stop an IVA? Why might you want to? What are the implications if you are a home owner? What if you are renting? How to stop an IVA.