Posted: Thu Jul 19, 2007 12:13 pm
Insolvency rule changes set to cut practitioners’ fees
The Insolvency Exchange will announce on Wednesday big changes in the criteria to be met by insolvency practitioners proposing agreements for over-indebted consumers.
The changes are expected to result in an average fall of about 20 per cent in the fees received by the insolvency practitioners. This, in turn, will have an impact on the Aim-listed companies – such as Debt Free Direct, Debtmatters and Accuma – that specialise in providing the agreements, known as IVAs (individual voluntary arrangements).
Source: ft.com
Please post any news stories about IVAs here:
http://www.iva.co.uk/forum/default.asp?CAT_ID=5
See my Blog:
http://ivanews.blogs.iva.co.uk
The Insolvency Exchange will announce on Wednesday big changes in the criteria to be met by insolvency practitioners proposing agreements for over-indebted consumers.
The changes are expected to result in an average fall of about 20 per cent in the fees received by the insolvency practitioners. This, in turn, will have an impact on the Aim-listed companies – such as Debt Free Direct, Debtmatters and Accuma – that specialise in providing the agreements, known as IVAs (individual voluntary arrangements).
Source: ft.com
Please post any news stories about IVAs here:
http://www.iva.co.uk/forum/default.asp?CAT_ID=5
See my Blog:
http://ivanews.blogs.iva.co.uk