IVA nominee
The insolvency practitioner who reviews and puts forward an IVA proposal before it is approved, assessing whether it has a reasonable prospect of being implemented.
Also known as: IVA
Related terms
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Nominee
An insolvency practitioner who assesses and puts forward a proposed IVA or CVA before it is approved, depending on the process involved.
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IVA supervisor
The insolvency practitioner responsible for overseeing an approved IVA and ensuring its terms are followed.
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Individual Voluntary Arrangement (IVA)
A formal agreement in England and Wales between an individual and creditors to repay or settle debts on approved terms, supervised by an insolvency practitioner.
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