IVA FORUM Standard Conditions

ClearDebt operates under a regulatory framework and produces "protocol compliant" IVAs under what is known as The Straightforward  Consumer IVA Protocol. These work with standard conditions which apply to all ClearDebt IVAs where the creditors meeting took place after 1 February 2008.

You can download a PDF (82kb) of these here.

Before 1 February 2008  ClearDebt used the IVA terms and conditions published by the Association of Business Recovery Professionals (R3).

Those conditions (download PDF (131kb) here) still apply to all ClearDebt IVAs where the creditors meeting was before 1 February 2008 and on  any new non-protocol compliant IVAs if considered appropriate for the particular circumstances of any relevant case.

An updated version of The Straightforward Consumer IVA Protocol is now available for all cases entered into from 1 May 2010.

We have a representative on the  IVA Standing Committee and have helped develop the Protocol and the Standard Conditions.