It is true that an individual voluntary arrangement is a facility that is via a county court and the nonpayer to shell out exceptional debts within a small period. Generally, the period that is sanctioned in IVA is five years. You should know that high monthly payments will be required if you undergo a facility of IVA. It is because of the short term period. However, in most of the cases, a large amount of money is provided to the lenders rather then small monthly installments. You should know that the rest of the money is pushed sideways. If you are having a financial trouble then you should undergo this facility