Andrew Smith, marketing director of the debt assistance firm ClearDebt, commented that a reduction in IVA fees for those seeking to pay off smaller debts could make the IVA an option for more people. The debt advice bureau points out…
Continue reading the "Low IVA fees could help many to become debt free" »
ClearDebt welcomes the proposals made on April 5 by the Insolvency Practice Council (IPC) for enhanced ethical standards for Individual Voluntary Arrangements (IVAs) – but thinks they should have been tougher: Commenting, ClearDebt CEO, David Mond, said: “We think that,…
Continue reading the "ClearDebt welcomes insolvency watchdog’s proposals on IVAs" »
Fortunately, student loans can be included in an IVA – we’ve done several of these recently and had it confirmed today that the Student Loan Company is still looking favourably on reasonable IVAs. However, the person we spoke to in…
Continue reading the "Student loans: bankruptcy can’t help – but an IVA can" »
From the article: ” A new study offers a grim picture of the number of women going bankrupt or entering a legal repayment plan with creditors, known as an Individual Voluntary Arrangement(IVA). The figure rose from 11,900 in 2002 to…
Continue reading the "Young women IVA seekers have greater debts" »
Since we went online we’ve managed to arrange IVAs for people who owed a total of £2,773,000 and we’ve reduced their total debts to £1,007,000. That means, on average, our clients only have to pay 36% of their total debts…
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