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Wilson Phillips Insolvency Practitioners Ltd and Accuma Plc go into Administration

22 April 2010

For some weeks the news has been swirling about these two companies (all part of the same group).

We note that DTE were appointed and the companies went in Administration in late March, having previously sold their IVA "factory" to Grant Thornton for £5.6m in 2009.

Another IVA factory collapse highlights the massive shift in a market that seemed to have a huge future, with whizzy TV adverts and lots of promises to worried debtors about removing debts at a stroke.

Note individual voluntary arrangements are still a good option for some worried debtors such as sole traders.