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Personal > IVAs

Personal insolvencies plummet to a 10-year low

Individual insolvencies in England and Wales have fallen to their lowest levels since 2005, amid low inflation, unemployment and interest rates. Read full story

FCA finds debt collection failures in every payday lender

The Financial Conduct Authority (FCA) has discovered “serious non-compliance” and unfair debt collection practices in every payday lender that it has reviewed. Read full story

IVAs to rise along with house prices

Rising house prices and easier access to mortgages could see an increase in Individual Voluntary Arrangements (IVAs). Read full story

Personal insolvency levels fall 16%

UK personal insolvencies are predicted to drop 16% to 25,000 people for the first quarter of this year, according to a leading firm of IPs. Read full story

ClearDebt revenue up despite fall in IVAs

Debt management firm ClearDebt has today posted a revenue rise of 18% to £9.2m, despite “disappointing” numbers of individual voluntary agreements (IVAs) in the second half of 2012. Read full story

Insolvency Today’s Black Book 2013

The insolvency industry’s most comprehensive guide of the most active 150 IPs is released this month. Read full story

Yorkshire Bank ups bad debt provision

National Australian Bank (NAB) has reported a £183m pre-tax loss at its UK banking operations in its full-year results. Read full story

Scottish personal insolvencies fall nearly a third

The number of Scottish personal insolvencies declined 27.5% in the second quarter of 2012 to 2013 compared to the previous three months. Read full story

Insolvency manager suspected of stealing £126,000

An insolvency manager who worked for The Insolvency Service, the government agency, has been reported to the police for allegedly stealing £126,000. Read full story

Fairpoint ups profits forecast

Fairpoint Group today advised shareholders it expects adjusted profits for the current calendar year to exceed market predictions as a result of considerable revenue growth. Read full story