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The Insolvency Exchange Releases New Rules to Control Individual Voluntary Arrangements (IVA) Which Benefit Banks But Hurt Consumers and Insolvency Practitioners
In a recent release of operating instructions to Insolvency Practitioners regarding IVAs, The Insolvency Exchange has notified the world of yet new changes to the specifications of the Individual Voluntary Arrangement (IVA).This new release of information raises some interesting questions, or if you are an Insolvency Practitioner, maybe some disturbing realities about why you are slowly being phased out of business.
Exxon and Citibank Send Man 2,000 Credit Cards by Mistake
Manhattan accountant Frank Van Buren, who has carried an Exxon gas card for his business for 17 years, called customer service recently to say his card was near its expiration date, and requested two new ones. He got them - followed by two boxes from Texas. Inside were 2,000 credit cards, all with his name and account number. Worse yet, they were left at his front door.
Cycle of Tribal Poverty
The poor lowlanders grow only rice and sell the surplus to diversify their diet. If they don't grow enough rice, they fall into an endless spiral of debt. Eventually, to pay off the debt, they sell land.
Please Be Responsible and Get Another Credit Card
"Even though you may already carry one or more other credit cards, you should not hesitate to accept this card. Your new **** card will bring you the financial flexibility of easily accessible credit ... And since there is no annual fee on this card, responding is absolutely free."