3. What should be stated on Miss M's IVA proposal?

In general, Miss M must clearly state her assets owned and the details of her liabilities to her immediate knowledge. She must also propose the duration of the voluntary arrangement, repayment dates and the amount to be paid in each time. Her proposal should also include the functions to be undertaken by the Nominee and the Nominee's personal details.

For more details of the IVA proposal, please refer to “What should be stated on the IVA proposal?” on this website or see the webpage of the Official Receiver's Office.