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What’s the IVA register?

Posted 09 December 2019

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It’s worth pointing out something straight away: it’s not called the IVA register. It is the Individual Insolvency Register: a publicly available record kept by the Insolvency Service which is a department of the Government.

It shows the various types of Insolvency and the details of people who are themselves insolvent (we’ll get to this in more detail a little later on).It makes sense why people search for ‘IVA register’, though, as a large portion of this database does in fact consist of Individual Voluntary Arrangements (IVAs).

But what exactly does publicly available mean and why does it even exist? To answer that we need to look at a few things.

What forms of Insolvency are included?

There are three different types of personal insolvency in England and Wales, and all three of them make up the records within this database:

  • • Bankruptcy
  • • Debt Relief Orders
  • • Individual Voluntary Arrangements

 

What details appear on the Insolvency Register?

Some of your details will appear on the Individual Insolvency Register. These include:

  • • Your name
  • • Your date of birth
  • • Your address
  • • The date your debt solution started
  • • Your gender

 

Under certain circumstances you may be able to withhold your records from appearing on the register. This is only in extreme cases and usually this cannot be avoided.

Why is this the case?

As the Insolvency Service is part of the Government they are obliged by law to keep their records accurate and up to date.

It can be unsettling to think that your name could be visible on a list like this. But, this information does have a practical use. For example, lenders may use the Insolvency Service to check that a debt solution has been granted, and therefore will stop sending pursuing you for the outstanding debt.

How long are your details on there for?

It really depends on what type of Insolvency you have. With Bankruptcy, your details will remain available for the duration of the Bankruptcy with an additional 3 months added onto the end (which works out a total of 15 months in most cases).

As for IVAs you will appear on the register for the duration of the arrangement plus 3 months.

We looked in more detail at how long your name stays on the Insolvency Register.

How do you find someone on the Insolvency Register?

It’s unlikely someone would know where to look, and that you’re on the register. However, assuming they know these things, it is easy to find someone on the register. You simply head to the Insolvency Register and conduct a search.

insolvency-register

The next steps

Hopefully, you now have an understanding of what the Insolvency Register is and why it’s necessary. The important things to remember are that it’s there for an important reason and you won’t stay on it forever.

If you think that you need to start a debt solution to solve your debt problems, it’s important that you get professional advice to help you identify the right option for you. You can contact one of our trained debt advisors today by using one of the options at the top of the page. If you want to learn a bit more about how IVAs work before you give us a call, then our full guide to IVAs will answer all your questions.

 

by Christine Walsh

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