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lifenoteasy
- Posts: 3248
- Joined: Thu Feb 05, 2015 2:26 pm
- Location: United Kingdom
IP has legal function defined by1986 Insolvency Act.
As an IVA is "bankruptcy light" supervisor is there to ensure that contractual agreement between creditors and debtors is adhered to.
Where it becomes non neutral is where you get the discussions linked to secured loans etc. and where IPs have to take legal advice.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
