The Insolvency Group Limited are proud to be a member of the Insolvency Practitioners Association (IPA) Volume Provider Regulation Scheme. The IPA strongly believes that the Volume Provider Regulation Scheme, a first in the insolvency profession, will deliver lasting confidence in the personal debt solutions market.

Launched by the IPA, the Volume Provider Regulation (VPR) Scheme came into effect on 1 January 2019.

The VPR Scheme was rolled out in response to the rapid development of the Individual Voluntary Arrangement (IVA) market – the most commonly used debt solution in England, Wales and Northern Ireland. The Scheme provides some of the closest scrutiny seen in financial services. More information on the Scheme, including the IPA’s Benchmark Report can be found here.

Effective from August 3rd, 2020

Dealing with money worries

A reference guide: Dealing with money worries – A guide to your options

Dealing with your debts  

This guide has been produced by The Insolvency Group Limited using material available from the Insolvency Service (the ultimate regulator of the UK Insolvency Profession) and the IVA Standing Committee.

In Debt – Dealing with your creditors

IVA Protocol 

The following describes the terms and conditions of an IVA provided by IVA Practice.

IVA Protocol 2016

IVA Standard Conditions 2016

IVA Protocol 2021

IVA Standard Conditions 2021

Guide to insolvency fees for creditors

Voluntary arrangement creditor fee guide


When carrying out all professional work relating to an insolvency appointment, Insolvency Practitioners are bound by the Insolvency Code of Ethics below.

Introduction to statements of insolvency practice
ICAEW Code of Ethics