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Insolvency Service reports firm shut down for falsely offering early resolution of IVAs

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Published on: 23 October 2024

Published by LNB News

LNB News 23/10/2024

Document Information

Issue Date: 23 October 2024

Published Date: 23 October 2024

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Insolvency Service has reported that McKenzie Jones Associates, a company that falsely claimed to offer early resolution services for Individual Voluntary Arrangements (IVAs), has been shut down. The firm was found to have charged fees for helping customers end their IVAs early without being registered with the Financial Conduct Authority to provide debt advice. The company collected at least £54,900 in fees for this service, with no evidence of promised refunds being made.

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