The IVA Council has settled its High Court dispute with ClearDebt Limited by providing an apology to the company and agreeing, along with associated companies and individuals, to pay £250,000 in damages and costs.
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ClearDebt has obtained an injunction against people and firms involved with the IVA Council, freezing their assets, prior to possible further legal action.
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ClearDebt’s David Mond and Abacus’ Daniel Morris were featured on page one of the business section in the Manchester Evening News. Read the full article fromthe Manchester Evening News.
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Figures issued by the government’s insolvency service today, Friday 3 August 2007, show that whilst the number of consumer insolvencies continues to rise, Individual Voluntary Arrangements – probably the best compromise between debtors and creditors – have fallen by more than 15%, quarter on quarter.
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Proposed acquisition of the entire issued share capital of Abacus (Financial Consultants) Limited
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AIM-quoted debt-resolution company, ClearDebt Group Plc (“ClearDebt”), welcomes revelations that banks may significantly restrict fees payable to IVA providers, that IVA providers are likely to receive a smaller element of their fees upfront and will share the risk of IVA failure with creditors.
Continue reading the "Media Coverage of IVA Fees" »