- Thursday, 7 May 2009Individuals applying for
IVA solutions could be wise to ensure that they have not committed fraud in trying to manage their debts.
The Huddersfield Examiner reports a word of caution from insolvency trade body R3 on the process which takes place when a person is declared bankrupt or arranges
IVA help.
National president Peter Sargent tells the publication: "When an individual or a business enters a formal insolvency process such as bankruptcy or administration, one of the jobs of the appointed practitioner is to investigate the finances for any wrongdoing."
He adds that this can include fraud - but can also cover the types of "desperate measures" that people might turn to before seeking
IVA solutions.
For instance, Mr Sargent notes that some individuals might evade paying tax, or could have their "hand in the till" while at work.
Mr Sargent began serving his year-long tenure as president of R3, the Association of Business Recovery Professionals, at the end of April.
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Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
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