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A debt advice intermediary has entered liquidation after suffering a drop in take-up by Insolvency Practitioners (IPs) for Individual Voluntary Arrangement (IVA) cases. Debt Solutions Helpline – which acted as an intermediary between debt management providers and IPs – is being wound up with estimated total liabilities of almost £200,000.
Martin Halligan of MPH Recovery was appointed liquidator of the company. According to a directors’ report to the meetings of creditors, seen by Credit Today’s sister title, insolvencynews.com, the Manchester-based company cited a downturn in the number of suitable debt referrals...Read more here--: Debt management firm in liquidation
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