Individual Voluntary Arrangement Outcomes and Providers, 2019
This release shows the outcome status and providers of individual voluntary arrangements registered in England and Wales.
Applies to England and Wales
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Details
Main Messages
- The percentage of individual voluntary arrangements failing within the first year has increased to the highest percentage since 2002.
- 2.5% of individual voluntary arrangements registered in 2011 were still ongoing and 7.8% of individual voluntary arrangements registered in 2012 were still ongoing, as at 31 December 2019.
- Fourteen individual voluntary arrangement providers accounted for over 90% of new registrations in 2019.
Updates to this page
Last updated 31 January 2020 + show all updates
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In the original release of this publication these IVAs in the provider table were attributed to JT Maxwell. It has been brought to our attention that this is incorrect and that they should be attributed to Forest King. This is due to the way data is extracted from our live database. We will investigate and see if the process can be improved and re-issue the statistics if this takes place. We have changed our commentary and tables to reflect this. Additionally, we have fixed a typo. We incorrectly stated that 13 IVA providers made up over 90% of the market when this should have been 14. We have amended our commentary and tables to reflect this.
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First published.