An IVA debt solution often lasts 5 years or more, that can be a long time to expect nothing to change in your financial circumstances. However, there are usually quite a number of flexible options to consider during your IVA that you can look at with your Insolvency Practitioner (IP). Usually, a supervisor or supervision team looks after your ongoing IVA, you will probably need to contact them to discuss flexible options in detail.
Occasionally, consumers in an IVA experience problems in their IVA that can't seem to be sorted, this guidance highlights the flexible options available and how you can go about resolving problems with your IP.
Check your IVA Terms
Understand your Obligations
Review your Options & Rights
The Role of your Insolvency Practitioner
Your ongoing Affordability
Were you advised properly before entering an IVA?
Check completion/termination of your IVA
During the COVID-19 Pandemic
Guidance was introduced during the COVID pandemic that allowed for greater flexibility to be applied to IVAs already being supervised & drafted. To read more about these, please visit the Gov UK Insolvency Service website page for up to date information.