Myvesta UK Articles - Articles - Individual Voluntary Arrangements

UK Debt Experts Scratching Head At Consumer Choices

no@spam.com (Steve Rhode) — Thu, 21 Aug 2008 07:44:56 EDT

Debt experts all across the UK are scratching their heads wondering where the desperate consumers are and what are they doing to address their growing financial problems.

It's Clear When It Comes to IVAs. Banks Come First. Consumers Come Last.

no@spam.com (Steve Rhode) — Mon, 31 Mar 2008 00:00:00 EDT

What that debate made clear is that British creditors wanted to arbitrarily set thresholds and hurdles for consumers to cross in order to get access to the binding powers of the IVA. At the time many were in an uproar. Insolvency Practitioners were beside themselves, regulators were perplexed and trade bodies were running for cover.

After much chest beating and legal opinions, you know what happened, absolutely nothing. Yet, some banks make some really dumb investment decisions and what does the FSA do, put new powers and whistleblower regulations in place.

The IVA Crisis to Hit UK Consumers Who Are Currently In An IVA and Can't Afford the IVA Payments

no@spam.com (Steve Rhode) — Tue, 25 Mar 2008 16:01:09 EDT

The poor Individual Voluntary Arrangement (IVA) in the UK has been taking a beating in the last twelve months but new worries are afoot. Between the creditors hijacking this debt relief solution that falls under the control of the Insolvency Service, other creditors refusing to accept payments in an IVA and now this, we'll have to have some pity on the IVA.

How Will Government Owned Northern Rock Vote IN IVA's Now ?

no@spam.com (Myvesta UK) — Sun, 02 Mar 2008 00:00:00 EST

Now that Northern Rock has been nationalised where does it leave the thousands of people that have had their IVA proposal unfairly rejected by the Northern Rock management team before Government ownership?

Is The IVA War Really Over?

no@spam.com (Steve Rhode) — Wed, 30 Jan 2008 00:00:00 EST

Interesting announcement just out about banks and IVA providers have come to an agreement on IVAs. Somehow I don't think it's really over.

Misselling Individual Voluntary Arrangements (IVA)

no@spam.com (Steve Rhode) — Tue, 29 Jan 2008 00:00:00 EST

Frankly I�m getting a bit sick of people blaming misselling of IVAs as a problem of greedy commercial IVA providers.

You see while people keep using this phrase, what does it really mean and how can we regulate against IVA mis-selling.

There seems about as many ways of spelling misselling as their is of problems occurring in the IVA process.

Why Are UK Creditors Trying to Fail With the IVA?

no@spam.com (Steve Rhode) — Wed, 16 Jan 2008 00:00:00 EST

So I was just reviewing a look back at the success of Chapter 13 bankruptcy n the United States following tougher repayment legislation and bankruptcy reform in 2005. The results will surprise you.

The Demise of the Individual Voluntary Arrangement (IVA) and Insolvency Practitioner in 2008 Without Action

no@spam.com (Bill Burch) — Thu, 10 Jan 2008 00:00:00 EST

What the hell happened to IPs and standing up for consumers and themselves? Bill Burch contributes his thoughts.

Hot IVA Leads for Sale. Fresh and Prime. Is That Right or Wrong?

no@spam.com (Steve Rhode) — Tue, 08 Jan 2008 00:00:00 EST

It is just so ironic that Insolvency Practitioners and Individual Voluntary Arrangements (IVA) providers have been so attacked by lenders and creditors for marketing, but aren’t these many of the same underlying banks and lenders that have profited from making subprime loans?

Debt Management Plans (DMP), My Old Views Are No Longer Valid. I�ve Radically Changed My Position

no@spam.com (Steve Rhode) — Tue, 13 Nov 2007 00:00:00 EST

I figure that when I write I share a bit of myself so I wanted to bring you inside my reversal of a position on debt assistance and consumer debt help. What once many felt was right, is no longer so.