Booming business for IVAs: what does it mean?

Recent figures have revealed that the number of new bankruptcies and debt relief orders are falling. Between January and March this year there were 5,671 bankruptcies - an impressive 15% down from the same time a year earlier. However, an oddity in the debt figures was that over the same period, IVAs - individual voluntary arrangements - were up 14% to 12,711.

Although IVA business is booming, the experts warn that going into one will have serious long-term consequences.%VIRTUAL-SkimlinksPromo%