Once your IVA has been accepted at the Creditors meeting, your Insolvency Practioners then becomes responsible for supervising your IVA. They will collect your agreed payments from you and make sure that you stick to the agreement. If you have any problems or difficulties you must inform your IP as soon as possible.

Normally once a year, your IP will contact you to review your financial circumstances and decide with you how to deal with any changes.

Full complete list of pros and cons of an IVA