Mark Sands, national head of bankruptcy at Tenon Recovery, estimates that 107689 people had been declared bankrupt or taken out an Individual Voluntary Arrangement or Debt Relief Order by October 28. The figure is higher than for any …
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'Perfect storm' for insolvencies | Business | North East business news

Mr Whyte had put forward proposals to arrange an individual voluntary arrangement (IVA), which would have allowed him to make partial payments to creditors, but these were subsequently withdrawn, according to Karl Williams, …

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“The other options are somewhat restricted – an individual voluntary arrangement or in the worst case, bankruptcy although I don’t see that happening. “We hope to be in a position to report to all creditors in the next week or so.” …

More here: Secret Millionaire, Notts businessman Chek Whyte, faces a £30m …

Author : Tom Dawson People living in Wales appear to be increasingly struggling with their finances, new research suggests In figures released by the Insolvency Service earlier this week, it was revealed that some 2,009 consumers in the principality filed for an individual voluntary arrangement (IVA) over the course of 2006 Such a figure represents [...]

Teen gambling addict ran up debts of £10000 The Herald, UK They felt the only thing they could do was tell the police." The court heard that Kendall had joined the Navy but was now working at Devonport Dockyard. Miss Glanville said he had entered into an Individual Voluntary Arrangement to pay off his debts. [...]

Potentially, more than 150000 people are expected to enter into an Individual Voluntary Arrangement (IVA), be declared bankrupt or enter into a Debt Relief Order during 2009. Mark Sands, Director of Personal Insolvency at KPMG said: …

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<a target=”_blank” href=”http://defaqtoblog.com/iabn/2009/04/07/insolvency-levels-set-soar-goverment-intoduces-bankruptcy-light/” title=”IVA News: Insolvency levels set to soar as government introduces bankruptcy …”>Insolvency levels set to soar [...]

Bankrupt adventurer vows to 're-group' South Devon Herald Express, UK He vowed to pay creditors back through a Individual Voluntary Arrangement , which allows debtors to pay creditors over time without going bankrupt. He said the money would come through his construction company, Woodvale. But when the recession hit, …

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22 per cent hike in voluntary bankruptcy in Plymouth The Herald, UK The figures reveal that 15358 people successfully petitioned to bankrupt themselves and 10467 more went insolvent through an Individual Voluntary Arrangement (IVA) in the same quarter. John Bangham, director of personal insolvency for KPMG's Plymouth …

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22 per cent hike in [...]