amount of IVA's

[cat 1]

Does anyone know exactly how many IVA's there are in GB and the moment? Cat

[carlmcmullen]

Not sure if this answers your question but here are some interesting facts for you

The Insolvency Service said that 111,359 people went into bankruptcy or entered into an Individual Voluntary Arrangement (IVA) in the last 12 months, an increase of 13% over the previous 12 months.

Today in the UK:
Consumers will borrow an additional £327m today

Consumers will pay £259m in interest today

The average household debt will increase by over £13.15 today

77 properties will be repossessed today

305 people today will be declared insolvent or bankrupt

2,750 County Court Judgements (CCJs) issued

Bank and building societies will hand out £1bn in mortgages today

Citizen Advice Bureaus will deal with 6,600 debt problems today

The average car will cost £15.42 to run today

More than 7,716 loan repayments are going unpaid every day

The average home will cost £30 today to run

Raising a child to the age of 21 will now set you back £23.50 daily

£526m will be withdrawn from cash machines today.

24.5m transactions worth £1.4bn will be spent on plastic cards today

1/3rd of all groceries we buy today will end up in the dustbin.

have a look at www.creditaction.org.uk for further facts and figures

[emma_t]

Interesting Carl.......but a bit depressing.

77 people today have been repossed - I had no idea it was that many[:(]

[cat 1]

fascinating.Thanks

[Soulgrowth]

How fascinating [:)]

Debbie

[louisa.s]

What scary statistics!

Discovered my own scary statistic last night - 10% of our wedding guests including us have been declared officially insolvent!

[:)]

[cr15py]

SCARY!!!!!

That is awfully scary to read!! The first three points especially. I am glad to say that I am making inroads to not be one of those scary statistics!

[buttercup]

OUCH!!!!

[Adam Davies]

Hi
There has been about 100 thousand IVAs between 2002 and 2007,increasing year on year.If you consider that about 30% fail in the first two years,this would leave about 80 thousand as recent ones would still be going.Then you need to consider the amount that will have settled early,so at a guess I would say that there are between 60 and 70 thousand 'live' IVAs at present.

Regards

[carlmcmullen]

Andy,

I would actually say it is alot higher than that - i was on a course earlier this week and one of the areas covered was IVA's.

In 2007 106,645 people were declared insolvent of which 46,000 were IVA's - yes there will be failures along the way be i execpt the number of people currently to be in an IVA to be in excess of 150,000.

But that is more an educated guess rather than a fact [:D]

[Reviva UK]

Hi
I will try to get the accurate figures over the weekend.

I subscribe to the Insolvency register so should be able to confirm the correct figures of people B and people currently in IVA's.

there are also other categories such as suspended IVA's, Bankruptcy Restriction Orders, etc.

will nip into office if my wife lets me out of the garden to check.

[carlmcmullen]

Would be interesting to know.

And if the weather is anything to go by you may be better popping in the office than the garden [:D]

(But dont tell my wife i said that)

[Reviva UK]

I will call Ian and ask him to give me your home number so I can call her personally and drop you in it