Latest Facts & Figures

An IVA which is sometimes termed  “bankruptcy lite”, are rocketing in popularity as over indebted people seek to escape unmanageable liabilities.

Accountancy firm KPMG predicts more than 130,000 people will be declared bankrupt or enter into an individual voluntary arrangement (IVA) with their creditors in 2008.

There is expected to be a sharp rise in the take up of Individual Voluntary Arrangements in the first 3 months of 2008, fuelled by excessive spending over Christmas, pressures of the credit crunch and rising energy bills.