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Screensize: 640 x 480 800 x 600 1024 x 768 1280 x 1024 UserName: Password: Format Mode: Basic  Help  Prompt  Format: Font Andale Mono Arial Arial Black Book Antiqua Century Gothic Comic Sans MS Courier New Georgia Impact Lucida Console Script MT Bold Stencil Tahoma Times New Roman Trebuchet MS Verdana   Size 1 2 3 4 5 6   Color Black Red Yellow Pink Green Orange Purple Blue Beige Brown Teal Navy Maroon LimeGreen Message: * HTML is OFF * Forum Code is ON Smilies [quote][i]Originally posted by BankruptcyNews[/i] [br]IVA market 'will restructure' following crunch The individual voluntary arrangement (IVA) market will need to restructure following the global credit squeeze, an expert has said. A spokesperson for the Consumer Credit Counselling Service has said many larger IVA companies will survive, but the smaller operators could struggle. This is unlikely to affect the individuals looking to use IVAs as an alternative to bankruptcy, he added. "It's more of a business and commercial issue rather than something for consumers to worry about," said the spokesperson. He added that IVAs were not suitable for all and said his organisation offered them only in between three and five per cent of cases, whereas bankruptcy was recommended in around 15 per cent of cases. Government figures reveal there were 26,956 insolvencies in England and Wales in the second quarter of 2007, a decrease of over eight per cent on the previous quarter. Of that number, 16,258 were bankruptcies and 10,698 were IVAs. Source: londonstockexchange.co.uk See my Blogs: http://bankruptcynews.blogs.bankruptcyhelp.org.uk [/quote]   Check here to include your profile signature.