IVA Protocol and Conditions

ClearDebt operates under a regulatory framework and produces "protocol compliant" IVAs under what is known as The Straightforward Consumer IVA Protocol.

The 2013 IVA Protocol (January 2013) can be accessed here. (PDF - 140Kb)

The 2008 IVA Protocol (25th January 2008) version can be accessed here. (PDF - 120Kb)

The 2010 IVA Protocol (Updated 1st May 2010) can be accessed here. (PDF - 68Kb)

These work with standard conditions which apply to all ClearDebt IVAs where the creditors meeting took place after 1 February 2008.

The appropriate standard conditions are accessed as follows:

Where the creditors meeting took place after 1 February 2008, click here. (PDF - 107Kb)

Where the creditors meeting took place after 1 August 2008, click here. (PDF - 84Kb)

Where the creditors meeting takes place after 1 July 2012, click here. (PDF - 209Kb)

Please note that any ClearDebt IVA where the creditors meeting was before 1 February 2008 and for any new non-protocol compliant IVAs if considered appropriate for the particular circumstances of any relevant case used the IVA terms and conditions published by the Association of Business Recovery Professionals (R3.org.uk), available to download from their website . (PDF - 145Kb)

However it should be noted that even new non-protocol compliant IVAs can still use the protocol compliant standard conditions if so required.

Further explanation of the above can be accessed on the Insolvency Service Website.

Representing DRF, ClearDebt has again representation on the IVA Standing Committee. David Mond who helped develop the Protocol and Standard Conditions joins the committee again in September 2012. The June 2010 letter of appreciation from the Insolvency Service Inspector General, Stephen Speed can be accessed here.

The Pre April 2010 Voluntary Arrangements - A Creditors' Guide to Insolvency Practitioners Fees can be accessed here (PDF - 47Kb)

The Post April 2010 Voluntary Arrangements - A Creditors' Guide to Insolvency Practitioners Fees can be accessed here (PDF - 35Kb)