These are the 21 most common questions our customers ask our IVA advisers. If you have a question that is not among these 21, please visit our additional IVA questions and answers page.

The people who need to know you have an IVA are your creditors, because the Licensed Insolvency Practitioner must give every creditor notice of the creditors’ meeting. That includes secured creditors as well as unsecured creditors. So your mortgage company will know about it as well as your credit card companies and your bank. The people who don’t need to know about it are your employers. Unless, of course, your employer is a bank or credit card company to whom you owe money. And we do have to register your IVA with the Department for Trade and Industry (DTI), which keeps track of all IVAs and may pass this information on to credit rating agencies.