The Insolvency Group Limited

The Insolvency Group Limited and Individual Voluntary Arrangements

The Insolvency Group Limited is a firm based in Bolton (United Kingdom) focused on Individual Voluntary Arrangements, known by their English initials IVA. The company presents itself as a provider of this debt solution and states that it has a team of qualified insolvency professionals who support the client throughout the process.

The entity is a member of the Volume Provider Regulation Scheme of the Insolvency Practitioners Association (IPA), a regulatory scheme launched by that association on 1 January 2019 for the IVA market. According to the company itself, this scheme constitutes one of the closest scrutiny regimes applied in the financial sector.

What an IVA is and how it is structured

The website describes an IVA as a formal and legal agreement between the debtor and their creditors to settle debts at an affordable rate. The mechanism consists of grouping several unsecured debts into a single monthly payment, with a payment plan set for a specific period. At the end of the agreement, the remaining debts are written off. The negotiation is carried out by an insolvency practitioner, who acts as the intermediary with creditors throughout the life of the IVA.

Among the effects that the firm attributes to this route are the possibility of stopping interest and charges, establishing a realistic payment plan and ending pressure from lenders. The entity itself warns that an IVA may not be suitable in all circumstances, that it involves the payment of fees and that it may affect the client's credit history.

Application process and client profile

The site sets out the application in three simple steps and collects initial data from the interested party through a form. It requests the debt amount — less than £5,000, between £5,000 and £20,000, or more than £20,000 —, whether the person is a new or existing customer, the region of residence (England, Wales, Scotland or Northern Ireland) and how they heard about the company.

The firm thus distinguishes between prospective clients and clients with an agreement already in progress, and offers the latter a secure portal available 24 hours a day to check the details of the IVA, payments and documentation online.

Supervision and transfer of cases

The company reports that all voluntary arrangements approved between 2 August 2019 and 5 May 2022 whose supervisor was Mark Prideaux were transferred by court order on 19 August 2022 to Tracey Howarth, of The Insolvency Group Limited, with the references of each case remaining unchanged. The firm states that anyone wishing to object to that transfer has a period of 28 days to do so and that clients who know Trace Howarth — personally or through a business relationship — can report it in case this could give rise to a conflict of interest.

Company details and transparency

The Insolvency Group Limited is registered in England and Wales, with its registered office at Crescent House, Lever Street, Bolton, BL3 6NN, and company registration number 12559281. Its data protection registration is ZA776902. The website also publishes documents on privacy, anti-bribery policy, complaints, fees — including PTD fees —, insolvency guides, ethics and disclosures, and a zero tolerance policy.

Location and contact

Crescent House, Lever Street, Bolton, BL3 6NN · Phone: 0161 543 2310 · Email: info@theinsolvencygroup.co.uk