The number of payment breaks you can have in an Individual Voluntary Arrangement (IVA) will depend on the terms of the IVA. An IVA is a legally binding agreement that allows you to reach an agreement with your creditors to pay off your debts over an extended period of time. The terms of the IVA will be based on your budget and the amount of debt you have, and will outline the monthly payments you are required to make towards your debts.
If you are experiencing financial difficulties or a change in circumstances that makes it difficult for you to make the required payments under your IVA, you may be able to request a payment break. Payment breaks are typically granted on a case-by-case basis, and will depend on the specific circumstances of your situation.
It is a good idea to speak with your IVA provider, also known as an insolvency practitioner, if you are having difficulty making your payments. They can review your situation and determine whether a payment break is possible. It is important to communicate openly and honestly with your IVA provider, as failing to make the required payments can result in the IVA being terminated.