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 by [...]
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Tag Archive: iva help
IVA numbers rise as personal insolvencies hit record levels
British Gas price cut could help ease IVA and Debt Management worries
News that British Gas is to cut its prices could help ease the pressure on financially strapped consumers that are relying on IVA help or a Debt Management Plan as a way to get out of debt. The recession has taken its toll financially, and the bitter winter has left many people struggling to [...]
IVA and Debt Management worries as borrowing on the increase
Debt Management and IVA help providers are concerned at reports that UK consumers are retuning to their old ways when it comes to spending money on plastic. New UK borrowing on personal loans, overdrafts and credit cards has overtaken the amount being paid off by consumers for the first time in six months, sparking [...]
IVA and Debt Management firms concern over energy bills
Concern has been raised by IVA and debt management companies as news emerged that homeowners face record heating bills. Figures have shown that energy firms are profiting from the coldest winter for 30 years. IVA advice specialists are worried that the spiraling costs of gas and electricity could force more consumers into financial [...]
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.
The [...]
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 whatsoever. [...]
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 a [...]