All the updated news related to individual voluntary arrangements

All the news related to individual voluntary arrangements updated in real time

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Personal Finance

Thousands seek breathing space from debts as insolvencies rise

More than 75,000 registrations for breathing space from debts have been recorded since May last year, as the number of people going financially insolvent across England and Wales has increased annually. And with households facing a tough winter ...

02 Aug 2022 at 11:53

Personal Finance

Insolvency Service probes concerns around potential mis-selling of IVAs

The Insolvency Service is looking into concerns around the potential mis-selling of IVAs (individual voluntary arrangements). The service said it wants to understand the experience of some consumers when taking out an IVA. IVAs are a formal ...

16 Jan 2024 at 15:43

Personal Finance

25% jump in people needing breathing space from debts last year

The number of people needing breathing space from their debts jumped by 25% in 2023 compared with the previous year. Across England and Wales, there were 88,390 registered breathing spaces in 2023, comprised of 86,928 standard and 1,462 ...

30 Jan 2024 at 11:25

City

Bankruptcies in England and Wales slump to lowest levels since 1989

The number of people going bankrupt across England and Wales last year was the lowest since 1989, according to official figures. The decrease helped the overall number of personal insolvencies fall to a four-year low last year. Some ...

28 Jan 2022 at 11:55

Personal Finance

Personal insolvencies jumped by 14% annually in 2024 across England and Wales

The number of people going financially insolvent in England and Wales last year was 14% higher than in 2023, driven by debt relief orders (DROs) jumping to a record high, according to the Insolvency Service. Some 117,947 personal ...

21 Jan 2025 at 11:13

Personal Finance

Personal insolvencies jumped by 8% month on month in April in England and Wales

The number of people going financially insolvent in England and Wales jumped in April, according to Insolvency Service figures. Some 10,012 people entered insolvency in England and Wales last month, which was 8% higher than in ...

20 May 2025 at 10:59

Personal Finance

Record number of people took out debt relief orders in May

A record number of people in England and Wales took out debt relief orders (DROs) in May, according to Insolvency Service figures. The number of DROs reached a new record monthly level of 3,716, an increase of 8% from a ...

18 Jun 2024 at 11:24

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