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Are you considering an individual voluntary arrangement? There are several things to consider if you are thinking about this option as a solution to your debt problems. You must start by having an insolvency practitioner. This is the person who will broker your agreement with your creditors. Often creditors like this option because it is a better deal for them than bankruptcy. Please know that you will have to provide your practitioner with a detailed income and expenditures report. This will help determine the binding terms of your IVA. The best part, though, is that with an IVA harassing phone calls from creditors are illegal. Good luck!