individual voluntary arrangement

noun

A formal alternative to bankruptcy, involving a flexible contract with creditors.

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Meanings

nounindividual voluntary arrangement (plural individual voluntary arrangements, abbreviation IVA)

plural individual voluntary arrangements · abbreviation IVA

  1. UKA formal alternative to bankruptcy, involving a flexible contract with creditors.
Cite this entry
APA

individual voluntary arrangement. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/individual%20voluntary%20arrangement

MLA

“individual voluntary arrangement.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/individual%20voluntary%20arrangement. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “individual voluntary arrangement,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/individual%20voluntary%20arrangement.

Source: individual voluntary arrangement on Wiktionary, CC BY-SA 4.0.