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| Annual Report 2007 Simplified IVAs The IPC responded to the consultation paper on the IVA regime contained in the Insolvency Act 1986. We supported the proposals put forward, which we considered would maintain necessary protection of those affected and that there would be net cost savings following their introduction. We believe that, combined with the proposals emerging from the IVA Forum, the SIVA should lead to greater speed and certainty for all parties and a better understanding of the process by debtors. |
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