BBA and IVA firms agree at debt summit
The British Bankers’ Association (BBA) and representatives of the Individual Voluntary Arrangement (IVA) industry have today agreed to work closely together to create a code of practiceIt is hoped that a code of best practice will help to raise awareness of unscrupulous debt solution firms and help a move towards a responsible, regulated industry.A register of responsible insolvency practitioners who subscribe to the code has also been agreed to enable customers to choose debt advisers with confidence.
The code, like the Banking Code, will be voluntary to encourage competition and to improve standards, all of which will benefit potential customers.
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Debtclearfutre.co.uk specialise in helping people avoid bankruptcy by entering into an IVA solution - Individual Voluntary Arrangement.
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