Individual Voluntary Arrangement (IVA)

Debt helplines ‘in demand’
(Mon, 08 Feb 2010)

Debt helplines in Britain are likely to be fairly active at the beginning of 2010, according to one industry practitioner. Ian Boden-Smyth of the UK Insolvency Helpline made this comment following a statement from the National Audit Office revealing that, at the end of November 2009, personal borrowing constituted 160 per cent of household annual pre-tax ... more >>

Government to protect homeowners more?
(Mon, 08 Feb 2010)

Homeowners who have been unable to make repayments on credit debts may soon be offered greater protection in the courts, as the government has issued a consultation paper regarding this matter. Justice minister Bridget Prentice noted it is essential to recognise the fact that the number of people in debt to creditors will rise because of ... more >>

Credit crunch ‘taught valuable lessons’
(Fri, 05 Feb 2010)

The British public appears to have taken a few financial lessons to heart following the recent economic crisis, which has been described as “a huge shock” for the country. Head of consumer finance at lovemoney.com Ed Bowsher made this observation, saying that people are keen not to make similar errors regarding their money as those seen ... more >>

Energy customers ’should shop around’
(Fri, 05 Feb 2010)

Britons could experience greater savings by shopping around for energy providers, it has been suggested, a move which may prevent any potential debt problems from arising. Head of utilities for comparison website Gocompare.com Mark Greening noted that the assumption that one tariff will suit all customers is incorrect, commenting on the recent reductions made by British ... more >>

Many debtors ‘going it alone’
(Fri, 05 Feb 2010)

Almost a million people in the UK are dealing with their debt difficulties on their own, without asking for professional help. This is according to statistics from R3, which revealed that 916,000 Britons are struggling in this manner, while a further 574,000 have been in informal contact with creditors for assistance. Commenting on the fact that government ... more >>