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What is an IVA? The Individual Voluntary Arrangement (IVA) was introduced under The Insolvency Act 1986 as an alternative to bankruptcy. It is characterised as a negotiated debt reduction solution because the creditors agree to write off a percentage of the debt owed to them as part of the arrangement. - How can it help in paying off your debts? - Click the link to read about it - https://acmecredit.co.uk/iva/