v Will I have to attend court to do my IVA?

Will I have to attend court to do my IVA?

The simple answer to the question is No.

You will not be required to attend court in order to enter an IVA.

Confusing Terminology

The general confusion surrounding the attending court issue is caused by the terminology that's used.

For an IVA to become legally binding, the agreement must be sanctioned by the Court.

Once the IVA has been accepted at the Creditors' Meeting, the IVA becomes legally binding on all parties. It obtains its 'legally binding' status as a result of being registered by the Court.

Maintaining privacy

For many applicants, one significant advantage of entering into an IVA is its low profile.

Many people feel their anonymity is protected by being able to apply for an IVA without the need of a face to face meeting, at any stage of the process.

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