Insolvency Service probes concerns around potential mis-selling of IVAs

The Insolvency Service is looking into concerns around the potential mis-selling of IVAs (individual voluntary arrangements).

The service said it wants to understand the experience of some consumers when taking out an IVA.

IVAs are a formal type of personal insolvency, whereby money is shared out between creditors.

Charities have previously raised concerns that some people may be pushed towards debt solutions that are not right for their individual needs.

Specific issues and concerns have been raised which can have negative impacts for those who are most vulnerable

Insolvency Service statement on websi…

Insolvency Service probes concerns around potential mis-selling of IVAs – The Independent