How much does an IVA leave you to live on? Before this question can be answered, understanding the IVA meaning is recommended. An IVA is an individual voluntary arrangement that is a formal, legally binding agreement reached between an individual and creditors to repay debts over a fixed period. Your IVA monthly payment will be based on affordability, not your overall debt. While an IVA can help you get back on your feet financially again, you’ll probably want to know how much does an IVA leave you to live on before you apply for an IVA. In this guide, you’ll get the answer to how much does an IVA leave you to live on, find out the process and costs, and learn more about what happens during and after you’re placed on the insolvency register.