Customer LoginThere are 'Standard Conditions' that make up part of every Individual Voluntary Arrangement ('IVA') proposal put forward by our clients.
Standard
conditions - IVA
We produce very high volumes of these IVA proposals, creditors do not want to see a separate copy every time. As such, we have decided to make them available on our website.
We will no longer send paper copies of these with our clients’ IVA proposals. Of course, we will be happy to provide paper copies upon request.
The Standard Conditions have been developed and amended over time, and therefore the terms that apply to each IVA depend on when it was arranged.
Protocol standard IVA conditions document
Click here to download the Protocol Standard IVA conditions document
As agreed between Creditors and their voting agents, The Insolvency Service and Insolvency Practitioners and apply to proposals submitted after 6th April 2017.
Straightforward consumer IVA protocol 2016
Protocol standard IVA conditions post July 2012
Click here to download the Protocol Standard IVA conditions document post July 2012
As agreed between Creditors and their voting agents, The Insolvency Service and Insolvency Practitioners and apply to proposals submitted after 1st July 2012.
Protocol standard IVA conditions post March 2008
Click here to download the Protocol Standard IVA conditions document post March 2008
As agreed between Creditors and their voting agents, The Insolvency Service and Insolvency Practitioners and apply to proposals submitted after 17 March 2008.
Freeman Jones standard IVA conditions document post 2007
Click here to download standard IVA conditions document post August 2007
Which applied to IVAs arranged between 13 August 2007 and 16 March 2008.
Originally, the conditions were drawn up by the Association of Business Recovery Professionals (also known as ‘ABRP’ or ‘R3’):
Click here for the original standard IVA conditions document for IVAs arranged prior to August 2007.
You may notice that in our version of the original conditions, some items in the index are noted as ‘deleted’. This is because the provisions dealt with by that item are contained in the particular proposal for each client.
More information about the Standard Conditions can be found on R3’s website at http://www.r3.org.uk.
Guide to Requisite Majorities
Rule 5.22 & Rule 5.23 explain the requisite majorities of votes needed for resolutions to be passed at a creditors meeting when considering an Individual Voluntary Arrangement in Northern Ireland and England & Wales respectively.