IVA contributions protected on all suitable IVAs • No charge to debtors – lowest possible cost to creditors • Provides stability and confidence for both debtor and creditor
Research specialists Equity Development have written a report on ClearDebt which also looks at the IVA sector in general and comments on competitors like Debt Free Direct and Accuma.
Predicted year end figure of 44 000 IVAs Considerably less than estimates of listed peers, which state 80 000 Variance due to other IVA providers inability to arrange IVAs for individuals with lower levels of insolvent debt.
Highlights · Quarter on quarter growth of 86% · As at 30th June 2006, ClearDebt had successfully arranged a total of 188 creditor agreed IVA’s since commencement of trading · 82 have been arranged and agreed for the quarter ended 30 June 2006.
The Latest government insolvency figures published today (Friday, 5 May) show a 73% rise in personal insolvencies between the first quarter of 2005 and the same period this year. But, IVA provider, ClearDebt, believes the figures for Individual Voluntary Arrangements(IVAs) may be significantly understated, despite their year on year rise of 142%.
IVA provider ClearDebt welcomes the proposals made yesterday (April 5) by the Insolvency Practice Council (IPC) for enhanced ethical standards for Individual Voluntary Arrangements (IVAs).