- 1 decade agoFavorite Answer
An IVA is a formal, legally-binding agreement between a debtor and their creditors to settle debts within a reasonable timescale. A debtor makes a repayment proposal with the help of an insolvency practitioner, and they offer to repay a certain percentage of the total debt over an agreed period of time.
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- 1 decade ago
IVA= Impuesto al Valor Agregado. Spanish for "Added Tax to the Value". It is the way Mexico name regular taxes.