Anonymous asked in Business & FinanceCorporations · 1 decade ago

What is an IVA?

2 Answers

  • 1 decade ago
    Favorite 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.

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