Paul Allen

This Practice Note discusses how long a typical individual voluntary arrangement (IVA) usually lasts, and what factors are taken into account in determining the length of the IVA, including availability of assets, third party contributions, and monthly voluntary contributions. It also describes what happens if the IVA terms are not met, and the treatment of assets should the IVA fail. This Practice Note is produced in partnership with Paul Allen of FRP Advisory LLP.

This Precedent is a template draft report that the nominee of an IVA must prepare for the court before the creditors' meeting to vote on the IVA terms. It sets out whether the nominee believes the IVA proposal is realistic and reasonable in all the circumstances, including whether the IVA will provide a better return for creditors than bankruptcy. It sets out the main terms of the proposal and will usually recommend to the court that a meeting of creditors is called to vote on the proposed arrangement. This Precedent is produced in partnership with Paul Allen of FRP Advisory LLP.

This Precedent is a draft proposal for an individual voluntary arrangement (IVA), which will be put to creditors and voted on. It sets out the basic information that is required in an IVA proposal to creditors, together with options for typical terms that may be used. This Precedent is produced in partnership with Paul Allen of FRP Advisory LLP.