IVA.co.uk

IVA COUNCIL REPORTS MISS SELLING OF IVA

The books were distributed on 30th Jan in Covent Garden and Liverpool Street and helped raise awareness of the solutions available to those in serious debt.

This is an actual unsolicited letter sent by the IVA council to someone undergoing an IVA.

The letter appears to position itself as some kind of official body. In actual fact it is a private enterprise. The letter also seems to imply some kind of miss selling. However no evidence is provideded and this letter has been sent out as a bulk mail shot to everyone on the insolvency register. Upon further investigation it seems that the iva council actually provide debt solutions themselves and this seems to be some kind of business development project. The advice in the letter to stop paying your iva is very concerning, failure to maintain iva payments can lead to the iva being failed, this would usually lead to bankruptcy. There is a thread on the forum discussing this issue here:

http://www.iva.co.uk/forum/topic.asp?whichpage=1&TOPIC_ID=6528

IVAC's logo and website are almost identical to the Insolvency Service's and on its website it uses the old Department of Trade and Industry logo. The Insolvency Service said it has no link to IVAC and its lawyers are looking into it.

The website, ivacouncil.org.uk, was set up on 8 October and was at first registered to Sean Mason. Mason is also the registrant for two other sites: bankruptcy.co.uk and thedebtxchange.co.uk - both of which are for a company called UK Bankruptcy. Since this information was made public, the registrant for IVAC's website has been changed to Malcolm Brown.

Furher information can be found here:
http://www.icc-credit.co.uk/cgi-bin/item.cgi?id=1671&d=57&h=58&f=46&dateformat=%25o%20%25B%20%25Y



> Click here to download a bigger version of this letter