IVAs could exceed 100,000 by 2010

Debts.co.uk has forecasted that
individual voluntary arrangements will pass the 100,000 mark by 2010, while
simultaneously announcing that it has achieved a 62% surge in full-year profits.

The
AIM-listed company,
which reaped £2.1m in pre-tax profits in the year to August – compared with
£1.3m in the previous period – increased its market share in the sector, which
is enjoying a boom period as more people seek to avoid bankruptcy.

Debts.co.uk’s research has also predicted that the number of
IVAs
will top 40,000 this year.

Related links: 

Debt management industry makes tough call
on debt
 

The great debt let-off

Regulate IVAs more closely, says trade
body

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