IVAs Reach New Heights in Northern Ireland
Ireland has been struggling economically for many years now. The recession has hit the UK badly but it is Northern Ireland that is taking the worst of the financial flak. IVAs (Individual Voluntary Arrangements) are on the rise across the land, in Northern Ireland; they are at the highest level they have ever been. In the past quarter the number of IVAs in Northern Ireland has increased by a whopping 26%.When you look at the number of IVAs in N. Ireland over the years you will see that the situation has been escalating for some time now. In the 2nd quarter of 2001 there were just 49 IVAs started. Fast forward ten years and there were 301 IVAs opened in the 2nd quarter of 2011. This is alarming news for the economy.