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		<title>What Is an IVA?</title>
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		<dc:creator><![CDATA[Gerald Irwin]]></dc:creator>
		<pubDate>Mon, 25 Sep 2017 14:54:51 +0000</pubDate>
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		<category><![CDATA[IVA]]></category>
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					<description><![CDATA[An individual voluntary arrangement (IVA) is an agreement made with creditors by somebody who’s in debt, in order to pay off all or a portion of the money they owe. It’s a formal legal agreement that’s approved by a court, binding the creditors to accept it. The IVA works on the premise that for those who have serious debt issues, the creditors will be happy to accept a portion of the money owed in lieu of the full amount. For the applicant, it represents a fairly flexible means of dealing with debt problems in a controlled and manageable way whilst removing the immediate pressure of bailiff action. An IVA must be set up by a qualified insolvency practitioner, and will involve paying regular amounts of money to the creditors through the insolvency practitioner as an [&#8230;]]]></description>
		
		
		
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