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Why does an IVA require an Insolvency Practitioner (IP)?

April 26, 2017Insolvency IP IVA Practitioner require

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Why does an IVA require an Insolvency Practitioner (IP)?

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A licensed Insolvency Practitioner is a person (often an accountant or solicitor) who has the experience and qualifications to act in formal insolvency cases. Your IP is responsible for presenting your IVA to your creditors and ensuring that it takes into account their interests as well as yours.