The search of the registry can be done online and is to be used for free, all that is needed is the name or business name of the person concerned. It can also be searched personally at a local branch of the official beneficiaries` office. The Individual Insolvency Registry is a publicly available registry and the insolvency service does not encourage the use of data in the registry by third parties and does not provide assurances. The registry also includes the start date, the date when all creditors agreed to an IVA person, and the name of the judicial administrator overseeing the contract. An IVA is a contractual agreement with creditors and can be as flexible as the circumstances of an individual; they may therefore be based on capital, income, third-party payments or a combination of those incomes. An Individual Voluntary Agreement (IVA) is a formal and legally binding agreement between you and your creditors to repay your debts over a specified period of time. This means that it is approved by the court and your creditors must comply. You can browse the registry by name or by trade name (for retailers). The liner`s tax is an ongoing tax for work performed during an IVA. It is recovered at regular intervals at the IVA, as agreed with the creditors with the right to vote. This can be done quarterly or annually, depending on the rules set out in the proposal.
You can ask for information about the inappropriate behaviour of a person (who has current restrictions on bankruptcy or debt relief) by contacting the official judicial administrator who handles the case. The similar procedure for companies is the voluntary agreement of the company. The IVA registry is actually part of the individual insolvency registry, which covers different types of insolvency, including DROs and bankruptcies. This is a public registry that can be searched by anyone, including lenders, landlords and employers. The insolvency service is legally required to keep the record, so that there is a transparent registration of persons who are insolvent. The IVAs were originally intended to pay off debts incurred as a result of the company`s insolvency.