IVA proposal
The formal terms offered to creditors in an IVA, setting out payments, assets, contributions and how creditors would be treated.
Also known as: IVA
Related terms
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IVA variation
An agreed change to the terms of an existing IVA, usually requiring creditor approval where the proposal or rules require it.
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IVA Protocol
A standard framework for straightforward consumer IVAs in England and Wales, setting expectations for how qualifying cases should be proposed and supervised.
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IVA termination
The formal ending of an IVA, whether because it has completed, failed or been brought to an end under its terms.
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