23 Apr 2020 | Posted In Money advice news

The Government’s Insolvency Service has published guidance which should be read in conjunction with the Straightforward Consumer IVA Protocol from 20 April 2020 in response to the Coronavirus crisis.

The IVA Standing Committee recognises that the COVID-19 pandemic may have a direct impact on a consumer’s circumstances and that it may not be possible for some people to meet their obligations under the existing terms of their IVA. In addition, the pandemic may affect the sustainability of any new arrangements.

Find out more here.