Repayment plans pushing thousands into deeper debt
by Shanti Das and Jon Ungoed-Thomas from World news | The Guardian on (#5XSQF)
Individual voluntary arrangements are an alternative to bankruptcy, but it is feared they are being widely mis-sold
The number of people with crippling debts who have entered into controversial official agreements to repay the money has reached an all-time high, new figures reveal.
Individual voluntary arrangements (IVAs) registered in England and Wales totalled 81,199 in 2021, more than double the number in 2015, according to the Insolvency Service.
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