Proposals for an Individual Voluntary Arrangement incorporate Standard Conditions. Should there be any conflict between the Standard Conditions and the proposal, then the proposal will usually prevail.
References in the Standard Conditions and the proposal, to the Act and Rules, are unless otherwise stated, to The Insolvency Act 1986 and to The Insolvency (England & Wales) Rules 2016.
The Standard Conditions for Individual Voluntary Arrangements produced by R3 Association of Business Recovery Professionals Version 3, January 2013 is available for download here:
As each Individual Voluntary Arrangement is unique, at times it may be applicable to use a different version of Standard Conditions or in the past previous versions may have been used for older cases.
Other versions and older versions of Standard Conditions are available for download here:
The version of Standard Conditions used in an Individual Voluntary Arrangement will be detailed in the original proposals.