II. Individual Voluntary Arrangement In this section, you can find general information on debtors ' individual voluntary arrangements. In IVAs, individual persons can settle their debts through repayment proposals without declaring bankrupt. 1. If a debtor does not want to be bankrupt, then is there any alternative solution? 2. What are the advantages of an IVA?(With a brief procedural guide for applying for an IVA) 3. What should be stated on the IVA proposal? 4. What are the consequences for the debtor if the IVA proposal is approved? 5. Case Illustration Book traversal links for Individual Voluntary Arrangement ‹ previous Back To Top next ›