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IVA hotspots `along the M4 corridor`

29/06/2007

A "financial road map" of the top ten towns for individual voluntary arrangements (IVAs) has been described by a financial advice website.

According to the Thrifty Scot, the list "reads like a route map for the M4, with only three exceptions".

First in the rankings is the Hampshire town of Aldershot, followed by Andover, Newbury and Crawley, the site reports. Windsor, Swindon and Basingstoke are the next three on the list.

The reason that so many IVAs are taken out along the M4 corridor could be linked to the targeted advertising for the products in that area, it claims.

In comparison, the site lists the top ten towns for bankruptcies and reveals that most of them are in the south or south-west.

Torquay, Plymouth, Bournemouth, Eastbourne and Newton Abbot are all south-western towns which feature in the bankruptcy rankings.

There were 30,075 individual insolvencies - including both bankruptcies and IVAs - in England and Wales during the first quarter of the year, according to Credit Action.

Many debts unaffected by base rate cut 09/01/2009 - Yesterday, many borrowers welcomed the Bank of England’s base rate 1.5% base rate – an historic low 08/01/2009 - Today’s base rate cut by the Bank of England’s Monetary Gas price cuts expected 07/01/2009 - Energy company Scottish Power has announced the launch of a Personal debt about £1.5 trillion 07/01/2009 - The UK’s personal debt stands at around £1.5 trillion, according