IVA in 8 Steps

Step 5 - agree on any amendments to the IVA proposal

As soon as the meeting is completed, your Debt Lifeboat advisor will ring you to go through any modifications the creditors have requested.

As soon as the creditors' meeting is completed, your Debt Lifeboat IVA expert will call you to go through any modifications the creditors have requested. This often relates to the terms and conditions of the debt repayment element of the deal. For example, a creditor might stipulate that three missed monthly payments will trigger a breach of the IVA. We'll explain all modifications your creditors have asked for and ensure you are happy to comply with them before sending a Chairman's Report. This report, which also goes to all creditors and to you, will detail any such amendments.