ClearDebt operates under a regulatory framework and produces “protocol compliant” IVAs under what is known as The Straightforward Consumer IVA Protocol.
- The 2016 IVA Protocol (20 June 2016) can be accessed here
- The 2014 IVA Protocol (January 2014) can be accessed here
- The 2013 IVA Protocol (January 2013) can be accessed here
- The 2010 IVA Protocol (Updated 1 May 2010) can be accessed here
- The 2008 IVA Protocol (25 January 2008) version can be accessed here
These work with standard conditions which apply to all ClearDebt IVAs where the creditors meeting took place after 1 February 2008.
The appropriate standard conditions are accessed as follows:
- Where the creditors meeting took place after 20 June 2016 click here
- Where the creditors meeting took place after 1 January 2014, click here
- Where the creditors meeting took place after 1 July 2012, click here
- Where the creditors meeting took place after 1 August 2008, click here
- Where the creditors meeting took place after 1 February 2008, click here
Please note that any ClearDebt IVA where the creditors meeting was before 1 February 2008 and any non-protocol compliant IVA (if considered appropriate for the particular circumstances of any relevant case used) will use the IVA terms and conditions published by the Association of Business Recovery Professionals (R3).
The R3 Standard Conditions are:
- Where the creditors meeting took place after 1 January 2013, click here
- Where the creditors meeting took place after 1 November 2004, click here
- Where the creditors meeting took place after 1 March 2002, click here
However, it should be noted that even new non-protocol compliant IVAs can still use the protocol compliant standard conditions if so required.
Further explanation of the above can be accessed on the Insolvency Service Website.
Representing the Debt Resolution Forum (DRF), ClearDebt has again representation on the IVA Standing Committee. David Mond who helped develop the Protocol and Standard Conditions re-joined the committee again in September 2012. The June 2010 letter of appreciation from the Insolvency Service Inspector General, Stephen Speed can be accessed here.
- The Pre April 2010 Voluntary Arrangements – A Creditors’ Guide to Insolvency Practitioners Fees can be accessed here
- The Post April 2010 Voluntary Arrangements – A Creditors’ Guide to Insolvency Practitioners Fees can be accessed here
