Interim Order
 
It is not a legal requirement to take out an Interim Order if you are going to propose an IVA.

Your Insolvency Practitioner will decide with you whether this is necessary or not.

Normally it will only be done if one of your creditors is currently taking serious action against you � for example petitioning for your bankruptcy � which would not be in the best interests of all your creditors

An interim order is there for the protection of individuals who are seeking an IVA. This order protects them against any creditor who might be pursuinga bankruptcy order against them.

If you are facing a debt problem, you�re not legally obliged to get an interim order. However, it does make life easier and it should make the IVA process more straight forward.

The insolvency practitioner should be able to advise whether an interim order is a good idea and is necessary. It is generally only applicable to someone whose creditors are threatening to apply for a bankruptcy charge against them. This would only be to that one creditor�s advantage though. It would actually be to the detriment of the other creditors to whom you owe money.

Speak to a qualified insolvency practitioner to find out whether an interim order would be a good idea.

 
     

Most Frequently Asked Questions about IVA
What is an IVA?What is an IVA?
Pros and Cons of an IVAPros and Cons of an IVA
I do Qualify for an IVA - but is it better than bankruptcy?I do Qualify for an IVA - but is it better than bankruptcy?
What is an IVA going to cost?What is an IVA going to cost?
What is the IVA process like?What is the IVA process like?
Click here to read more FAQ about IVA
For more information see:
IVA pros and cons
 

 

 
Action Bar

IVA help ForumThe IVA Forum: Top 30 Hot Topics
 
Active Topics on IVA Forum
<t>Does no contact mean IVA rejection?</t> (by: lisa817)
<t>Aperture, IPA and equity release</t> (by: jane181)
<t>Mis-sold IVA??</t> (by: claire196)
it's finally arrived!! (by: Mark Bruton)
<t>Releasing equity into an IVA</t> (by: wendy724)
Attendance allowance (by: Jojo53)
Advice re Iva with creditfix (by: Leigh.p)
<t>Is it normal to repay more than you owe in an IVA?</t> (by: robert508)
<t>Can I receive state pension whilst in an IVA?</t> (by: martin315)
Property Portfolio enforced sale - long post, sorry! (by: Tkam)
<t>How long will my IVA last?</t> (by: laurentiu)
** Annual Review ( Swift Insolvency ) (by: Mxlee8)
<t>My PTA role</t> (by: disneygal)
<t>How do I get POA on mothers bank account when I have IVA?</t> (by: edward)
Forgotten IVA? (by: Minky17)
*** F&amp;F Offer *** (by: Mxlee8)
<t>What happens if I can't remortgage at the end of my IVA?</t> (by: wendyb)
<t>Switching IVA companies?</t> (by: jason703)
IVA approved but quick question (by: Carra_Rud)
Parents buying me a car during my iva? (by: Mxlee8)
<t>Can I still get a student loan?</t> (by: ed801)
<t>Problems with IVA I am in with Creditfix</t> (by: morais vasco)
<t>Is our IVA going to fail?</t> (by: sophie503)
<t>Why has my name not been removed from Insolvency Register?</t> (by: jayshree)
<t>How will partners income be calculated on IVA review</t> (by: edha)
F&amp;F Accepted!! CF pulled it together! (by: katieweeks1)
HMRC Self Assessment Return of Tax (by: Coline81)
<t>Can you do IVA without a fixed address?</t> (by: michael730)
<t>Contacted by a Debt Recovery Agency</t> (by: Capocrimine)
<t>Using my catalogue whilst in an IVA</t> (by: vicki635)
Forum BrowseForum JoinForum Search

Free Debt Guides
FREE useful guides!




Debtor (you) Debt Collectors (or Bailiffs) Judge/Law Creditors (or loan sharks)Insolvency Practitioners  (aka IPs) (or wise owls!) IVA Advisors