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词汇 individual voluntary arrangement
释义

Definition of individual voluntary arrangement in English:

individual voluntary arrangement

noun
  • (in England and Wales) a legal agreement made between a person unable to pay their debts and their creditors, which allows the debts to be paid off over a stated period of time.

    28,062 people either went bankrupt or entered individual voluntary arrangements during the third quarter
    Example sentencesExamples
    • Bankruptcy and individual voluntary arrangements also stay on your credit file for six years and make it tough to access credit during that period.
    • I have no County Court Judgments, bankruptcies or individual voluntary arrangements recorded against my name.
    • The fact that you have paid your inheritance money into your Individual Voluntary Arrangement does not mean that your IVA will be paid off any faster.
    • Once your Individual Voluntary Arrangement has been accepted, the monthly payments you make into it will normally last for five years.
    • There are three different types of personal insolvency - bankruptcy, a debt relief order and an individual voluntary arrangement.
    • Individual voluntary arrangements (IVAs) were down nearly 7% year-on-year to 11,346.
    • In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.
    • On 3 June 1994 his proposals for an individual voluntary arrangement were rejected by his creditors.
    • In case you are not entitled to declare bankruptcy, he may suggest you to go for Individual Voluntary Arrangement.
    • An individual voluntary arrangement was subsequently proposed, and accepted by the creditors in July 1995.

Definition of individual voluntary arrangement in US English:

individual voluntary arrangement

noun
  • (in England and Wales) a legal agreement made between a person unable to pay their debts and their creditors, which allows the debts to be paid off over a stated period of time.

    28,062 people either went bankrupt or entered individual voluntary arrangements during the third quarter
    Example sentencesExamples
    • There are three different types of personal insolvency - bankruptcy, a debt relief order and an individual voluntary arrangement.
    • On 3 June 1994 his proposals for an individual voluntary arrangement were rejected by his creditors.
    • Once your Individual Voluntary Arrangement has been accepted, the monthly payments you make into it will normally last for five years.
    • Individual voluntary arrangements (IVAs) were down nearly 7% year-on-year to 11,346.
    • Bankruptcy and individual voluntary arrangements also stay on your credit file for six years and make it tough to access credit during that period.
    • In some cases we can help you arrange a corporate or individual voluntary arrangement, which will allow you an opportunity to try to trade out of difficulty.
    • An individual voluntary arrangement was subsequently proposed, and accepted by the creditors in July 1995.
    • In case you are not entitled to declare bankruptcy, he may suggest you to go for Individual Voluntary Arrangement.
    • I have no County Court Judgments, bankruptcies or individual voluntary arrangements recorded against my name.
    • The fact that you have paid your inheritance money into your Individual Voluntary Arrangement does not mean that your IVA will be paid off any faster.
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