Insolvency Made Clear: A Guide for Debtors
Plain English, practical guidance for anyone facing demands over a debt they are struggling to pay.
Plain English, practical guidance for anyone facing demands over a debt they are struggling to pay.
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Contents<br />
Acknowledgments <br />
Important notice<br />
Preface: the effects of the pandemic <br />
Legal terms defined<br />
Introduction and aim of this book<br />
v<br />
v<br />
xix<br />
xxi<br />
xxix<br />
PART 1<br />
BANKRUPTCY<br />
Chapter 1 Alternatives to bankruptcy 3<br />
1.1 Individual Voluntary Arrangements 3<br />
Box 1: Who is bound by an IVA? 3<br />
1.1.1 The IVA process 4<br />
Box 2: Interim Order FAQs 6<br />
1.1.2 Failure of the IVA 7<br />
1.1.3 Conclusion 7<br />
1.2 Debt relief orders 7<br />
Box 3: What if the debtor nearly qualifies <strong>for</strong> a DRO? 9<br />
1.3 County Court Administration Orders 10<br />
Chapter 2 Effect of bankruptcy 13<br />
Box 4: Pre-bankruptcy 13<br />
2.1 Stages of bankruptcy 13<br />
vii