Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What will happen at the end of an IVA?

IVA
0
Posted

What will happen at the end of an IVA?

0

If you maintain the agreed payments for the duration of the IVA, these are considered to be in full and final settlement of your debts. In other words, once your IVA has come to a successful conclusion (usually after 5 years), your unsecured debts will be cleared and all creditors involved in the agreement will have no further claim against you.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123