/ɪndɪˈvɪdʒʊəl vɒləntəri əˈreɪndʒmənt/ – Phrase
Definition: Thỏa thuận tình nguyện cá nhân.
A more thorough explanation: an agreement made between a debtor and a creditor for the debtor to pay off all or some of his or her debts
Example: 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).