Comparative law notes
Although the term can be translated into Hungarian, it is not a Hungarian legal term.
egyéni önkéntes megegyezés
főnév
partial
Individual Voluntary Arrangement
noun
Definitions of Individual Voluntary Arrangement
an agreement made between a debtor and a creditor for the debtor to pay off all or some of his or her debts
The bank agreed to our request to be put on a temporary interest-only payment, after which we entered into an IVA (an individual voluntary arrangement).