He became increasingly concerned with incidents where an individual was advised to enter in to an Individual Voluntary Arrangement when it was clear an IVA was inappropriate and other procedures were available to assist individuals facing a debt crisis.
Since 2010 the number of individuals entering into IVA’s have risen from an annual figure of 50,693 to 81,199 and this has been driven in part by sophisticated marketing agencies targeting individuals mainly for their own commercial gain and pressurising them to take out expensive IVA’s. These practices were highlighted in a government requested report on the state of the Individual Voluntary Arrangement market. The IVA government review report is available to view here.
MSIVA are driven to assist clients in difficult circumstances who feel they were mis sold the idea an IVA was right for them. Our team share the same ethos and we look to seek compensation via our third- party legal team for individuals who have been mis sold an IVA.
Our combined teams have a vast amount of skills to investigate individual complaints diligently and to bring those complaints to a successful conclusion.
All IVAs are initially reviewed on a free basis and we aim to inform individuals.
Please do not hesitate to contact us if you feel we can assist you.
There are many other circumstances where an IVA may not be the most appropriate route and we would be happy to discuss individual circumstances.