Archive for the ‘IVAs’ Category

TweetShareThe number of applications for individual voluntary arrangements (IVAs) has continued to rise although people appear to be paying back less money. This is according to TDX Group, a company dedicated to providing debt recovery solutions for major banking, government and utility services, Creditman reports. According to figures for the end of September, 35,507 individuals [...]

TweetShareAn Individual Voluntary Arrangement (IVA) has been set up to enable property developer Chek Whyte to pay off the money he owes to creditors and avoid bankruptcy. The businessman, who shot to fame when he appeared on the second series of Channel 4 programme Secret Millionaire, told the Nottingham Evening Post he was delighted by [...]

TweetShareAs part of its series of articles on debt management problems, MoneyHighStreet.com has indicated the ways in which individual voluntary agreements (IVAs) can help those struggling to control their debts. IVAs, which are only available to those owing over £15,000 to three or more creditors, can be beneficial as up to 75 per cent of [...]

TweetShareAn independent voluntary arrangement (IVA) has been suggested as a good way for indebted people to strengthen their financial positions. According to the Daily Mirror, 30,000 people began bankruptcy proceedings between April and June of this year, indicating that debt management plans are a necessity, with many borrowers entering into negotiations with their lenders with [...]

TweetSharePeople struggling with debt management may not be aware of the various avenues for assistance that are available to them, some of which have been highlighted by an industry expert. Writing for This is Money, Pamela McGrath from the National Debtline recommended that those in debt consider entering into informal negotiations with creditors relating to [...]

TweetSharePersonal insolvencies have been predicted to continue rising throughout 2009. Figures from the Insolvency Service revealed that a record number were seen in the first quarter of the year, with bankruptcies and Individual Voluntary Arrangements (IVAs) up 23.4 per cent and 11.8 per cent respectively, compared to the same period in 2008. And KPMG has [...]