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Individual Voluntary Arrangements to be treated flexibly during coronavirus (COVID-19)

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Published on: 17 April 2020

Published by LNB News

LNB News 17/04/2020

Document Information

Issue Date: 17 April 2020

Published Date: 17 April 2020

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

Creditor representative members of the Individual Voluntary Arrangement (IVA) Standing Committee have made a joint statement to provide agreement to the guidance issued by the Insolvency Service for the Straightforward Consumer IVA Protocol to be followed during coronavirus (COVID-19). From 20 April 2020, the Straightforward Consumer IVA Protocol should be read in conjunction with this guidance. The guidance allows for flexibility to be applied to existing and new IVAs.

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