Debt management companies offering individual voluntary arrangements (IVAs)
could see their their activites more closely regulated under proposals put
forward by the Insolvency Practitioners Association (IPA).
The IPA is concerned that, although IVAs must be signed off by insolvency
practitioners, advertising and call centre staff fall outside the scope of
The IPA is to meet debt management companies in the next few weeks to call
for more training and qualifications for staff and discuss possible kitemark
standards for the industry, the Financial Times reported.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children