Example of abuse of Insolvency Register

[Doug9898]

Hi
Well done to admin & co to uncovering the fact that there may be unscrupulous people out there emulating official bodies that are offering impartial advice to people in IVA's .

However I do not agree that the the Insolvency register should not have the information displayed

Firstly, you would not have had people suddenly complaing about this issue if they were correctly advised in the first place that there details would be publicly available (Some IVA's have been sold on the basis that they are private and clearly this is not the case )

Secondly If the IVA is administered correctly they would not have been advised NOT to to seek a loan unless under special circumstances
*at the IP'S discretion)-So no need For loan companies to waste their time marketing from the register)

Thirdly if the client was advised properly of bankruptcy as a solution or the possiblity of a variation order then again ther would be no need for companies to use this as a route to market .

Conservative estimates of IVA Failure are around 30% (according Guardian newspaper and this site ,Andy )
This suggests that an awful lot will fail and by this may be through the fact that everything is not explained fully to the client entering the IVA from the outset.

So could I suggest that more effort could be put into taking out the rogue IVA companies and then you would notice that less people would use the insolvency register as a marketing tool rather then sign a petition that could effect the ability for the 30% that may fail to acces other peoles advice to access other professional advice.

Of course you will get always get the the odd bad apple . But if you get the IVA process right from the start then these guys would have never shown up!

[johnz]

Hi Doug9898

You have to admit it's not right that your personal information is being publically displayed. After all nobody on this register has comitted a crime. And people that have comitted a crime get some privacy. Why should my neighbour be able to look me up on google and find out I have financial difficulty. Answer - they shouldn't. This information should be available on a strictly need to no basis and only then with the correct permission available.

Put it this way. How would you like it if the government decided that all medical records should be available for public consumption? Just in case there's something wrong with you that they think other people should know about. How violated would you feel knowing that that private and personal information about you had been given out without your permission. Peoples financial affairs are just as private and personal.

Something to think about eh? [:)]

Johnz

[Skippy]

I was led to believe that an IVA isn't public, so it was a bit of a shock to find all my information on the internet. I obviously knew that my BR would be in the local paper, but I don't understand why all my information should be available on the net for all to see.

I did Google my name and nothing came up, so that's something I suppose.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[MelanieGiles]

I have to agree with the ladies on this one. if it was right to display this stuff, they would do it in Scotland and Northern Ireland as well - and they don't!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[olympic_torch]

since having taken an interest in topics iva/bankruptcy related, it has always struck me as odd that it is impossible to find out if you are living next door to a child molester in case it violates their human rights, but if you dare to commit a crime against the 'establishment' by getting into debt then your details are there for public consumption.
perhaps i am just a closet socialist?

Aucto Splendore Resurgo.
(6 down, 54 to go)

[Skippy]

I totally agree OT!

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

[katy]

I had a similar letter too, from 'Integrity' it was addressed to myself and had my maiden name in brackets so they must have got it from the register. It was saying it was not too late to fail the IVA etc but it was too late as we went bankrupt two months ago. I can really do without getting letters like this at the moment and don't appreciate having my details used like this and will sign any petition to protect me and my family and others in this situation.

[plec]

it just shows you that there are people who prey on people. i would surgest that all it shows is the name and date thats all

High hopes & skint pockets!!

[h_g]

Ah. Those would be the wonderful people who came out with the wonderful gems of wisdom and mis-information on their other site:

"Do NOT under estimate the Inland Revenue, they WILL prepare a petition for a bankruptcy order to be placed against you, with them being the trustee of bankruptcy, you will be left up the financial river without a paddle!

If you are made bankrupt by any of your creditors, as bankruptcy trustees, they control your ongoing finances and can impose an income payments order against you that can last up to 15 years, being taken direct from source through your tax code before you even get paid!"

Yet they use the R3 logo...

Which R3 would that be? Not one to do with bankruptcy anyway...

[MelanieGiles]

Which site is this you are referring to? Seems like Jackanory to me!

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp

[h_g]

It was on their other site

http://www.bankruptcy

.co.uk/taxman.html

(I've broken that link incase anyone clicks on it by accident without reading the posts closely enough to see that it's a bad joke of a site, and to stop google's page rank giving it an extra credit next time it visits.)

I always found Jackanory harmless; I don't think this tosh compares.

[Doug9898]

John I totally agree with you in the fact that I would not like my details published in public . I have had my details abused by a utitility company Via the electorla role so yes you have a point . but MY Point is that people are still being sold IVA's on the basis that they the arrangemt is dicreet when clearly it isn't . Surely the people entering an IVA should be told that they will be listed . To Before warned is to be forearmed .And To be honest if the people were given the correct advice at the front end of their debt journey then other companies would find it fruitless to even use it for marketing basis . Yes there are companies such as the IVA council mentioned that claim to be impartial and probably have a hidden agenda . but if the estinmated 30% IVA failure rate quoted by By the Guardian paper and even Andy says this as well in one of his posts. Then it suggests that there may be people who have been missold IVA's . And Even if the IVA house are starting to get thier act together it doesnt help people who took out their IVAs' a year or so ago. I work In the debt industry organising IVA's ,bRs .VLs etc IVA's can be a good solution in the right circumsatnces with the right IP .But not always !! For something else to think a lot of people tell thier story in this forum a lot of details can be be found in thier stories and could be cross referenced by the fact that there name is shown on the petition .this could be very easily crossed referenced with the insolvency register therfore giving further details .Scary Hey !

[Beechy]

Really??????????

quote
they control your ongoing finances and can impose an income payments order against you that can last up to 15 years,

Dave Beech