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Rule 6.96Form 6.37Proof of Debt General Form NAME: INDIVIDUAL VOLUNTARY ARRANGEMENT1Name of creditor (If a company please also give company registration number).2Address of creditor for correspondence.3Total
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What is individual voluntary arrangement?
An individual voluntary arrangement (IVA) is a formal agreement between an individual and their creditors to pay off debts over a period of time.
Who is required to file individual voluntary arrangement?
Individuals who are struggling with debt and want to come to an agreement with their creditors about repayment.
How to fill out individual voluntary arrangement?
To fill out an individual voluntary arrangement, you will need to work with an insolvency practitioner who will help you create a repayment plan that is affordable for you and acceptable to your creditors.
What is the purpose of individual voluntary arrangement?
The purpose of an individual voluntary arrangement is to help individuals repay their debts in a way that is manageable for them while also providing some protection from legal action by creditors.
What information must be reported on individual voluntary arrangement?
Information such as your financial situation, details of your debts, income, and expenses, as well as any assets you may own.
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