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SpinDistribute.com Article Directory

The following article was published in our article directory on November 22, 2009.
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Accuma Divests Itself Of IVA Business

Article Category: Finances

Accuma Group Plc is one of the first debt managing companies in the world. In the United Kingdom, the company has expanded a repute of quality service and sustained financial performance over the years. The company also deals in the Individual Voluntary Agreements (IVA) that is entered between the creditor and the debtor.

IVA is the most excellent method of avoiding a bankruptcy and it enables a creditor to make some rapid revival also that is otherwise impossible. While the company has been dealing in IVA for a long time, it has decided to deny finally of IVA business. The most important cause behind this decision is the poor performance of the record books and the underestimation of its IVA books by the stock market.

According to a company release, it has sold its IVA books to accountancy firm Grant Thornton for £5.6m. Apparently, the company has sold them at a 93 per cent profit if evaluated with the stock value of books at that day. The company shares have also seen a surge of up to 150 percent. Accuma was one of the most believed companies in the IVA business.

The divestment agreement has frustrated many people who were forecasting to enter into IVA with their debtors through this company. They want some explanations from the company. Some are saying that if the company was running a gainful business, then why it desired to sell off the business. Industry experts, on the other hand, are admiring the company's choice to do this at the right time.

Downturn is deficiently disturbing the businesses of various companies and if one is able to sell a business at beneficial rates then it should be valued. There are other companies presenting the identical services as were once vacant by Accuma. The only essential thing to memorize in the IVA deals is the trustworthiness of the company. If you have pledged with a trustworthy company then the arrangement can work excellent.

IVA acts a basis of conviction between the creditor and the debtor. There are barely any creditors that would deem a debtor unless they get a sturdy legal assurance. An IVA is the greatest way to sort out the mess produced by possible bankruptcies. Coming back to Accuma, the company is planning to focus its attention towards its debt management.

Byrom & Keeley is the company's arm that deals with that business. As the IVA operations have been divested, it is expected that the company will make some investment into the debt management business. That field of operations is also not in a very healthy condition. The company will have to reach some quick decisions to get better its portfolio.

In spite of the tough road ahead, Accuma can fare better if the decision of divesting IVA business proves favorable in the long term. Otherwise, the company will have to incur losses and its public reputation may suffer. The risk in this business is great and future course will decide the fate of the company.

Keywords: Debt solutions, debts, debt help, debt advice, consolidate debt, financial advice, debt, finance, financial problems

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