• Individual Voluntary Arrangements (IVA's) Return to homepage
  • What is an IVA - Individual Voluntary Arrangement?
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  • How does an IVA work?
  • How is IVA Debt Advice Helpline different?
  • How long does it take to set up an IVA and what is the process?
  • How long does an IVA last?
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  • Insolvency Act 1986 - Part VIII - IVA's
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262A. False representations etc.

(1) If for the purpose of obtaining the approval of his creditors to a proposal for a voluntary arrangement, the debtor—

(a) makes any false representation, or

(b) fraudulently does, or omits to do, anything, he commits an offence.

(2) Subsection (1) applies even if the proposal is not approved.

(3) A person guilty of an offence under this section is liable to imprisonment or a fine, or both.