IVA Protocol

IVA Protocol

At Financial Support Systems we operate under a regulated framework to produce “protocol compliant” IVA’s for our customers under something called The Straightforward IVA Protocol. The most recent in which Financial Support Systems is proud to work to the 2016 IVA Protocol.

For your reference we have provided access to each of the protocols issued since 2008.

These protocols are used in connection with Standard Conditions for IVA’s which apply to all IVA’s produced by Financial Support Systems where they were approved after 1st February 2016.

Important Information

Subject to eligibility and acceptance. Fees Payable. Debt write off applies to unsecured debts only and on completion of an IVA. If your IVA fails, it could lead to Bankruptcy, although this is rare and alternatives may be available. Your ability to obtain credit will be affected for the medium to long term. Homeowners may be required to release the equity in their property, if unable to release equity and equity is available creditors may request an additional 12 months payments in compensation. 

Financial Support Systems provides insolvency solutions to individuals, specialising in IVA's. We do not administer or provide advice solely relating to debt management products, such as Debt Management Plans. Advice and information on alternative options will be provided following an initial fact find were the individual(s) concerned meets the criteria for an IVA and wishes to pursue it further, as governed by our regulators Institute of Chartered Accountants in England and Wales. All advice given on any alternative options is therefore provided in reasonable contemplation of an insolvency appointment. 

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