IVA Proposal Document   The IVA Proposal Document is a summary of the main details of a Debtor’s Statement of Affairs?. It includes details about the debtor’s Creditors, Assets, Income and Expenditure. However, it goes one step further than the Statement of Affairs. It also includes a proposal to the Creditors detailing how much money they are likely to receive back if they accept an IVA and what will happen to the Debtors Assets (house, savings etc) during the IVA. The IVA Proposal must be drafted by an Insolvency Practitioner and signed by the Debtor. A copy of the document can then be posted to all Creditors for their consideration.         Most Frequently Asked Questions about IVA What is an IVA? Pros and Cons of an IVA I do Qualify for an IVA - but is it better than bankruptcy? What is an IVA going to cost? What is the IVA process like? Click here to read more FAQ about IVA For more information see: IVA Calculator       Action Bar       Write off up to 75% of debt Government approved   Interest rates frozen Protection from creditors Find out if you can do an IVA:   Total debt (not including mortgage) £ (number only)     No. of Creditors (Companies you owe money to) £ (number only)     Monthly Income (approx) £ ( number only)     Monthly Expenses (don't include debt repayments) £ (number only)     Own your own home?__ Yes No   This wizard will tell you whether the IVA is the right solution for you, what the monthly repayments would be and how much of your debt an IVA would write off. If an IVA isn't the right solution then the wizard will recommend 1 of 3 other possible options. The IVA Forum: Top 30 Hot Topics   Active Topics on The IVA Forum For IVA Community washing machine (by: plasticdaft) OMG just got our car insurance renewal (by: plasticdaft) Running a pub? (by: secure69) spending money (by: kallis3) post office online saver (by: plasticdaft) How do I get 2 late booked defaults removed ? (by: plasticdaft) Hope everyones well x (by: plasticdaft) Diet & Fitness 2012 (by: Julie) My circumstances have changed. What should I do ? (by: plasticdaft) Help with complaint against DMP company, please (by: plasticdaft) Hi Please help! The IP handling my IVA has been struck off (by: plasticdaft) which company ? (by: plasticdaft) fourth year release? (by: kallis3) Amending IVA to tie in with new 12 month contract ? (by: kallis3) Luxuries (by: plasticdaft) Footy predictions. (by: Julie) Getting a mortgage while in an IVA ? (by: plasticdaft) Refunded twice (by: plasticdaft) Closing cases - could this work? (by: vince666) payments after completion (by: footiemad) were on a DMP but should have gone the IVA way (by: Foggy) Paymex (Blair Endersby) VAT issue (by: vince666) Any chance of getting a loan while in an IVA ? (by: kallis3) None of my creditors have voted on F@F. What should I do ? (by: kallis3) Could we make an offer ? (by: lem) Would you be made bankrupt for failing IVA ? (by: kallis3) Its here, its here, its here!!! (by: corfu) experian (by: TheMatrix) A charge on the lease of my business (by: MelanieGiles) unwilling to part with inheritance (by: MelanieGiles) FREE useful guides! Need some cheering up?   Common Sense Fun Quiz (Recommended!)   FUN QUIZ   Moral Dilemma Personality Type Dalai Lama Handwriting Sexual Type Fun Quiz Dream House