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Bankruptcy

Volume 459: debated on Wednesday 2 May 2007

To ask the Secretary of State for Trade and Industry how much and what proportion of the total personal consumer debt was written off as a result of the use of individual voluntary arrangements in each of the last five years. (134338)

The extent of any debt written off by means of an individual voluntary arrangement (IVA) is a matter for agreement between the debtor proposing the arrangement and the creditors who must approve it. Such information is not held by Government.