IVA Supervisor

An IVA Supervisor is a professional responsible for overseeing Individual Voluntary Arrangements (IVAs), which are formal agreements between individuals in financial difficulties and their creditors. The supervisor ensures that the terms of the IVA are followed, manages payments from the individual, and distributes funds to creditors. They act as a mediator to help both the debtor and creditors reach a fair resolution, aiming to enable the individual to repay their debts while avoiding bankruptcy. Essentially, the IVA Supervisor plays a key role in facilitating a manageable approach to debt repayment.