What is an Individual Voluntary Arrangement (IVA)? - Money.
IVA Examples. An IVA or Individual Voluntary Arrangement is a formal debt solution that can help you deal with your unaffordable debts. In an IVA your debt repayments are usually lowered to an amount that you can afford to pay each month and on completion of the IVA, any remaining debt is leagally written off. In order to help explain how an IVA works, we have included some IVA Example cases.