Individual Voluntary Arrangement or IVA has always been a familiar name to those who have rescued themselves from a huge burden of debts. You can minimize debt tantrums and pay off it with slow and consistent repayment instalments with IVA. You can write off all your unsecured debts for a lifetime through an IVA proposal.
For filing an IVA application, you have to take assistance from an Insolvency Practitioner. The duty of an Insolvency Practitioner is to represent your financial interests and details, to all your creditors. And, you have to introduce your assets, bank details and every finances detail to the Insolvency Practitioner. If you’re thinking about hiding money from IVA and your IP, then you should get to know about the consequences, at least once.