IVA

Firm shut down for falsely offering ‘early resolution’ to IVA debt solutions

24th October 2024 Consumer Collections | #IVA

A company which claimed to help customers reach an early resolution to their Individual Voluntary Arrangements (IVAs), but instead exposed them to the risk of their debt solution failing, has been closed down. McKenzie Jones Associates, which was last registered to an address in Kent Road, Formby, near Liverpool, was wound up at the High…

Insolvency Service to investigate potential mis-selling of IVAs

17th January 2024 Consumer Collections | #IVA #personal insolvency

The Insolvency Service has announced it is launching an investigation to understand the experience of some consumers when taking out an Individual Voluntary Arrangement (IVA). The Insolvency Service says that IVAs support a valid public policy objective by providing debt relief for individuals in financial distress. However, specific issues and concerns have been raised which…

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IVA

Firm shut down for falsely offering ‘early resolution’ to IVA debt solutions

Insolvency Service to investigate potential mis-selling of IVAs

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