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Debt Talk: DRO or IVA? That is the question...(Podcast)

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 interest of indebted communities.

Kevin Still is the CEO of Debt Managers  Standards Association Limited (DEMSA), a trade body for debt solution providers. He emphasised the importance of coming together and tightening the quality and compliance framework to eliminate harmful practices. He recognised that community-free advice providers are essential in holistically delivering impartial service.

Both panellists provided TOP TIPS for listeners on such an important topic. The next topic is: 'The cost of fuel'.


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