Debt Talk: DRO or IVA? That is the question...(Podcast) One in 422 adults entered insolvency between 1 July 2022 and 30 June 2023. The economic factor is crucial in considering bankruptcy for many individuals, particularly when personal Individual Voluntary Arrangements (IVA) and Debt Relief Orders (DRO) are concerned. In this episode of the Debt Talk podcast, Ripon Ray explored: ‘DRO or IVA? That is really the question...’ Sara Williams , the founder of Debt Camel , began the conversation by looking at the history of bankruptcy and IVA leading up to the introduction of DRO in 2009, the commercial drive for many IVA providers to solely provide the only option who do not consider the interest of consumers through to its sales tactics and providing misleading information to entice consumers. There are early IVAs termination due to unsustainability for many low-income households. She also provided recommendations for short and long-term changes to regulations to consider for the intere
(Sept 2023) Monthly Debt News looks at debts and the causes of debts in Britain from various sources selected for professionals to make the debt sector simple. This month’s Debt News includes further welfare cuts, the rise in council tenant rent arrears, loss of benefits due to overpayment recovery, and a man in debt due to dental costs abroad. And finally, bitesize stats. ——————— Welfare cuts loom after forecast for inflation to climb again Jeremy Hunt has been told that the increase is likely to have been driven by surging wages and an increase in the cost of clothing. The Treasury is braced for a surprise increase in inflation this summer, posing a headache for Jeremy Hunt in his attempt to curb government spending. More here: Link ——————— Council housing rent arrears rise significantly, survey finds Four in five council landlords are seeing significant rises in rent arrears, a survey has found More here: Link ——————— Thousands lose benefits after tax credits overpaid C