At ClearDebt we believe an Individual Voluntary Arrangement (IVA) is often a much better solution to becoming debt free than even a free Debt Management Plan from a charity like StepChange. Our IVA infographic gives you the basics about IVAs and…
Continue reading the "Want to know more about why an IVA can be better than a Debt Management Plan?" »
The latest figures from the Government’s Insolvency Service suggest we’ve turned a corner, but perhaps it’s not the obvious one. Look at this first graph. Total personal insolvencies are down. OK, they are still roughly twice as high as they…
Continue reading the "Is this the end of the debt management plan (even free ones)?" »
On Friday 20 March 2015 ClearDebt agreed a mass variation with creditors that finally enables completion certificates to be issued to those customers whose IVAs could not be closed because of the need to investigate PPI mis-selling claims for the…
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The Insolvency Statistics today show some 99,196 personal insolvencies were recorded in 2014, which is the first time the total has dropped below 100,000 since 2005. This represents a 1.8% fall in personal insolvencies compared to 2013, the lowest it…
Continue reading the "IVAs hit an all-time high" »
Back in October 2014 ClearDebt predicted it would be a record year for IVAs. There had already been more than 40,000 Individual Voluntary Arrangements in the first nine months of the year and here at ClearDebt we were pretty confident the…
Continue reading the "Was 2014 a record year for IVAs?" »
Statistics released today (29 October 2014) by the Government’s Insolvency Service show that this year will almost certainly be a record year for Individual Voluntary Arrangements (IVAs) – Britain’s most popular method for people to deal with unaffordable debt. The IVA,…
Continue reading the "The Rise and Rise of the IVA – 50,000 case barrier set to be broken" »