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IVA Glossary > Nominee
Nominee

The person chosen by the individual or corporate debtor to report on the debtor's proposals for an IVA or CVA.

(Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

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Write off company debt

A CVA can write off 70% of company debts.
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