September 2005

IVA’s up 70%. The latest DTI figures reveal that by the second quarter of 2005 there had been a 70% increase in the number of IVA’s entered into in England and Wales. During the same period the number of bankruptcies rose by 27.5%. Between July 2004 and June 2005 the number of people in England and Wales who had entered into an IVA or become bankrupt was 54,277.

Just-Debt's own monitoring suggest that these figures are continuing to rise.