The Insolvency Practitioners Association (IPA) is launching a new regulatory framework for the monitoring of the use of an Individual Voluntary Arrangement (IVA) by the high volume IVA providers.

A Charging Order is a court order that can be sought where a customer/member fails to meet their obligations under a credit agreement, which entitles the creditor to a share of the profits from the sale of a property at such time as it is sold, in order to repay the outstanding debt.

Whilst there is a requirement for all Credit Unions to obtain the relevant permissions with the Financial Conduct Authority (FCA) to conduct secured lending, there is no requirement to do so in relation to Corporate Loans and/or 2nd Charge Lending.

We understand the importance of an effective collections strategy – one that can help you realise measurable improvements while focusing resources where they are needed most.

The Pre-Action Protocol for debt claims was introduced on the 1st October 2017 in respect of any debt claims for members residing in England and Wales.