Today’s figures from the Insolvency Service show Individual Voluntary Arrangements (IVAs) rocketing away as the most used formal debt solution in England and Wales. And, driven by IVAs, the number of people choosing to deal with their debt through personal…
Here at ClearDebt we have been saying for some time that Individual Voluntary Arrangements) (IVAs) have become the procedure of choice for those people who have debts they can’t pay and a regular income to enable them to make contributions…
Continue reading the "The rise and rise of the IVA: Latest insolvency debt statistics" »
2015’s personal insolvency figures, issued today, Friday 29 January 2016, show that the number of people becoming insolvent is continuing to go down. In particular, bankruptcy, the most onerous and least forgiving formal debt solution continues to drop in usage.…
Quarterly figures released today by the Government’s Insolvency Service show that total personal insolvencies rose in the third quarter of 2015, for the first time since the second quarter of 2014. That increase is entirely due to rising numbers of…
Continue reading the "IVAs still rising in popularity Government figures show" »
The personal insolvency figures released yesterday by the Government’s Insolvency Service show a continuing fall in the number of people who need to use a legal process to deal with their debts. However, as always, it’s when you look behind…
Continue reading the "Personal insolvencies are at a 10 year low but DROs are on the rise" »
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