IVA’s accounted for a large proportion of the 132,142 people who were declared insolvent this year according to figures released today by The Insolvency Service. 50% of this figure declared bankrupt, however, 50% managed to to avoid this by signing onto an Individual Voluntary Arrangement (IVA) or a Debt Relief Order. The overall amount increased [...]
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IVA help needed as debt problems on increase
IVA help could be required by more households, as new figures reveal that UK consumers are continuing to spend themselves into financial difficulty. The widely held opinion, in financial circles, was that we are tightening our spending in order to avoid future debt problems, however, recent statistics show that this may not be the case. [...]
IVA help needed as investments fall
There has been a sharp increase in the number of consumers seeking IVA advice, in the wake of the current recession. Over the last decade, the UK has enjoyed something of a boom. The value of property has increased at record levels, creating enormous pots of wealth for many people, in exchange for no work [...]
Refund delay could leave more needing IVA help
UK banks, and many of their customers will be kept waiting until August for an outcome to the bank charges debacle, as the Law Lords have delayed a final decision on the matter until later this year. A substantial amount of money is at stake, with the UK banks currently earning more than £2 billion [...]