IVAs on the increase

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Adam Davies

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Post by Adam Davies » Sat Jan 31, 2015 9:39 am
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Hi

From Debt Management Today

There were a total of 99,196 individual insolvencies in 2014, a 1.8% decrease compared to 2013 and the lowest annual total since 2005. This was the fourth successive decrease in the annual total.

There were 52,190 IVAs in 2014, which was a 6.8% increase on 2013. This was the second successive annual increase, and the highest annual total since they were introduced in 1987. IVAs comprised 53% of all individual insolvencies in 2014, compared with 30% in 2005.

Regards
Andam Davies
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Rock20

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Post by Rock20 » Sat Jan 31, 2015 9:57 am
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Andy,

With companies like Creditfix operating in the IVA arena, they will surely address this increase in IVA's :)
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abbiesmum2003

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Post by abbiesmum2003 » Sat Jan 31, 2015 10:25 am
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My thoughts exactly Rock!!!
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