Clear debt Succeed Gbp250,000 Case In Opposition To Iva Council
It has been revealed that the IVA Council has settled its High Court argument with Clear Debt Limited by giving an apology to the company and agreeing, along with connected companies and individuals, to pay GBP250,000 in damages and costs.
It has been reported that clear debt wins GBP250,000 in damages and costs case against the IVA council, by sending a apology letter to the company. IVA considered as the most appropriate solution for those facing troubles in coping with the pressure of debt.
The IVA Council had initially sent out letters suggesting highly-indebted people to stop paying into individual voluntary arrangements (IVAs). Debtors who responded to the letters were referred directly to UK Bankruptcy Ltd, a company that charges over GBP1,000 to offer bankruptcy suggestion and backing to those in IVAs.
Further, it was revealed that it was not true to state that the IVA Council was a "non-profit making organization" or a "consumer awareness or action group." They also admitted that it was untrue for UKB to state that it was "not in any way connected" with the IVA Council, although they sustained that there was a 'contractual agreement' between UKB and the IVA Council.
Commenting, Clear Debt CEO, David Mond, said: "Clear Debt was arranged because I believed IVAs were the best and fairest deal between debtors and creditors. We obtained this action, on our own and on our industry's behalf, because we believed the IVA Council were preying on several people who were struggling hard to cope with their debt and who had been discovered an ideal solution to their needs."
The principal Defendants in the case were Sean Mason, Tobias Gooden, their company UK Bankruptcy Limited, William Lindley and Shane Mulroy, all of whom were alleged to be at the back of the operation of the IVA Council. However, the payment was made to ClearDebt Ltd, David Mond and Hodgsons Chartered Accountants as the co-claimants.
It has been reported that clear debt wins GBP250,000 in damages and costs case against the IVA council, by sending a apology letter to the company. IVA considered as the most appropriate solution for those facing troubles in coping with the pressure of debt.
The IVA Council had initially sent out letters suggesting highly-indebted people to stop paying into individual voluntary arrangements (IVAs). Debtors who responded to the letters were referred directly to UK Bankruptcy Ltd, a company that charges over GBP1,000 to offer bankruptcy suggestion and backing to those in IVAs.
Further, it was revealed that it was not true to state that the IVA Council was a "non-profit making organization" or a "consumer awareness or action group." They also admitted that it was untrue for UKB to state that it was "not in any way connected" with the IVA Council, although they sustained that there was a 'contractual agreement' between UKB and the IVA Council.
Commenting, Clear Debt CEO, David Mond, said: "Clear Debt was arranged because I believed IVAs were the best and fairest deal between debtors and creditors. We obtained this action, on our own and on our industry's behalf, because we believed the IVA Council were preying on several people who were struggling hard to cope with their debt and who had been discovered an ideal solution to their needs."
The principal Defendants in the case were Sean Mason, Tobias Gooden, their company UK Bankruptcy Limited, William Lindley and Shane Mulroy, all of whom were alleged to be at the back of the operation of the IVA Council. However, the payment was made to ClearDebt Ltd, David Mond and Hodgsons Chartered Accountants as the co-claimants.
