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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

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