Individual Voluntary Arrangements

Business, Innovation and Skills written question – answered on 9th July 2014.

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Photo of Stella Creasy Stella Creasy Shadow Minister (Business, Innovation and Skills)

To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the value of publishing the average total debt of individuals subject to individual voluntary arrangements.

Photo of Jo Swinson Jo Swinson Parliamentary Under-Secretary of State (Department for Education) (Women and Equalities) , The Parliamentary Under-Secretary of State for Business, Innovation and Skills

Individual voluntary arrangements (IVAs) are supervised by licensed insolvency practitioners, who are required to notify the Insolvency Service of the registration of new IVAs, the name, date of birth and address of the individual, and the date of completion or termination of the IVA. They are not required to provide information on the amount of debt, so it is not possible to publish such information.

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