As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

R3, the Association of Business Recovery Professionals, has issued this press report (below) high-lighting regulation issues with Debt Management companies.

Take a moment to read the report and give us your thoughts.

As members of the Insolvency Practitioners Association (IPA), myIVA-Adviser.com are genuinely interested in making sure that people seeking help for debt problems are given accurate advice from the outset.

The Government have released record Insolvency figures for the 3rd quarter of 2006.

People who are suffering with severe financial problems generally have three 'debt solution' options available to choose from, to assist them in becoming debt free.

A debt summit has been announced by the British Bankers' Association (B.B.A.) to address the issue of "Irresponsible" debt relief products being sold to consumers, reports The London Stock Exchange today.

The B.B.A. has written to the chief executives of all the debt relief companies operating in the sector and hopes to get them around the table to thrash out their differences with banks.

The Guardian newspaper web site 'Guardian Unlimited' is reporting that The B.B.A. (British Banking Association) and debt management companies that offer IVAs, (Individual Voluntary Arrangements) are to draw up plans for a voluntary code of practice which will set out how IVAs are sold and marketed.

All the team at www.myIVA-Adviser.com wish all our clients a very merry Christmas.

It is no secret that the personal debt mountain facing U.K. consumers has become the topic of much conversation during 2006. With a meteoric rise in the number of people applying for Individual Voluntary Arrangements (IVAs) ringing the loudest alarm bells within the banking industry.

Creditors face having to write off up to £1.4 Billion in bad debts due to the number of people who entered into IVAs, individual voluntary arrangements, in 2006, according to a report in The Sun newspaper today.

To all our blog and article readers;

Wishing you a happy and prosperous 2007.

Best wishes,

from all the team at myIVA-Adviser.com.

With the festive season behind us, and the New Year under way, there is much speculation within the insolvency industry as to whether there will be a further rise in the number of people forced into personal insolvency, either Individual Voluntary Arrangements (IVAs) or bankruptcies, when the bills start hitting the door mats.

According to figure released by the Citizens Advice Bureau, it could take 77 years, on average, for people asking them for help with debt to get back into the black.

Insolvency experts are forecasting another sharp rise in the number of people applying for IVAs (Individual Voluntary Arrangements) as a solution to their debt problems, with some experts forecasting that the number of Individual Voluntary Arrangements (IVAs) will double over the next two years.

Further reports of an expected rise in the number of people selecting an IVA (individual voluntary arrangement) to deal with their serious debt problems were announced today.

A new website, set up by accountants and lawyers, has been launched to help with the transparency of the debt solutions industry, specifically IVAs (individual voluntary arrangements).

The Bank of England has raised interest rates again by a quarter percent, from 5% to 5.25%.

The rate of inflation has risen to an 11 year high of 3% per annum. The governments preferred indicator, The Consumer Prices Index, rose 0.6% in December pushing it well past Chancellor Gordon Browns 2% target.

The Office of Fair Trading (OFT) has criticised companies offering debt advice for misleading customers.

The British Bankers Association (BBA) are to review whether or not there is a case for 'home inspectors' to be used as part of the Individual Voluntary Arrangement (IVA) application process, in their effort to reduce the amount of Individual Voluntary Arrangements (IVAs) that are being applied for.

A new study by the Consumer Credit Counselling Service (CCCS) suggests that thousands of women are reluctant to declare themselves bankrupt because of the social stigma attached to it.

Two of the largest debt advice companies in the UK are feeling the effects of the tightening restrictions that creditors are placing on Individual Voluntary Arrangements (IVAs).

USwitch, the website that compares prices and products of different companies, and offers the option of changing suppliers, has said that credit card issuers are fueling the debt crisis.

Christmas 2006 saw the amount of money spent on credit cards rise to a new record.

The British Bankers' Association (B.B.A.) are looking for involvement from debt advisory companies to assist in developing a new code of conduct for the debt advice industry, which is hopefully going to introduced before Easter.