Two leading IVA companies in the UK have revealed that the demand for the service has increased rapidly so far in 2007 and is set to skyrocket even further in the coming weeks.
Debts.co.uk revealed that it expects 1,064 IVAs to be completed within the next 8-10 weeks. An analyst at Seymour Pierce, says that the group averages between 280 and 300 IVAs per month. This is double from July 2006.