Simplified individual voluntary arrangement

In the United Kingdom, a simplified IVA (SIVA) was a proposed new form of IVA (individual voluntary arrangement), which would have been a formal alternative of clearing debt without being declared bankrupt. == Tiers == The simplified IVA (SIVA) was likely to have been two tiers: Tier 1 would have an upper limit of £25–30,000, and Tier 2 would have an upper limit of £75,000.