Individual voluntary arrangements are an alternative to bankruptcy, but it is feared they are being widely mis-sold
The number of people with crippling debts who have entered into controversial official agreements to repay the money has reached an all-time high, new figures reveal.
Individual voluntary arrangements (IVAs) registered in England and Wales totalled 81,199 in 2021, more than double the number in 2015, according to the Insolvency Service. Continue reading...
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