IVA factories face tougher regulation over ads

Abstract

The individual voluntary arrangements (IVA) factories hauled over the coals last week for broadcasting misleading radio adverts were warned they could face tougher sanctions under the industry's new standards-setter, run by the Insolvency Practitioners' Association. Three IVA providers - Begbies Traynor business W3 Debt Solutions, Money Debt & Credit, and Accuma - were told to either alter or stop altogether adverts that exaggerated the benefits for individuals entering into IVAs by the Advertising Standards Authority.