October 2009

TV’s Secret Millionaire Goes Into An IVA

Chek Whyte, who appeared on Channel 4's Secret Millionaire has succeeded in striking a deal with creditors that could save him from bankruptcy.

His creditors yesterday voted for a new Individual Voluntary Arrangement (IVA) that pledges Mr Whyte will pay back debts owed over a period of time.

The property developer, whose businesses have debts of about £33m said "I'm elated and ecstatic to get the vote."

Councils Urged To Partner Debt Charities In Wake Of Ombudsman Criticism

Local authorities can avoid heavy-handed treatment of Council Tax arrears – criticised by the Local Government Ombudsman this week – by partnering with recognised debt advice services to help deal with the underlying problem.

UK registered charity The Debt Advice Foundation issued its advice following two announcements from the Ombudsman this week, in which Newham and Manchester councils were criticised for implementing bankruptcy in two individual cases without following appropriate procedures.