Pharma Investments, Ventures & Law Weekly
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ClearDebt
ClearDebt Wins GBP250,000 Case Against IVA Council
December 14th, 2008
The IVA Council has settled its High Court dispute with ClearDebt Limited by providing an apology to the company and agreeing, along with associated companies and individuals, to pay GBP250,000 in damages and costs. The IVA Council had initially sent out letters urging highly-indebted people to stop paying into individual voluntary arrangements (IVAs). Debtors who responded to the letters were referred directly to UK Bankruptcy Ltd (UKB), a company that charges over GBP1,000 to provide bankruptcy advice and assistance to those in IVAs. In a letter of apology written to ClearDebt as part of the settlement, the principal Defendants...
Source: Pharma Investments, Ventures & Law Weekly (2008-12-14)
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