TDX Group

TIX (The Insolvency Exchange)

The Insolvency Exchange is a full end-to-end insolvency management platform that optimises creditor returns and is helping drive industry change.

TIX (The Insolvency Exchange) processes Individual Voluntary Arrangement (IVA) proposals on behalf of creditors, analytically decides which proposals to accept, optimises the lifetime return and manages each IVA through the 5 year term of the arrangement.

Over the last three years, the IVA market has grown significantly. IVAs have grown from 2,000 to 13,000 a quarter since 2004. In the same time, the number of Insolvency Practitioner (IP) firms has increased to 600 supporting over 1600 individual practitioners. Overall, IVAs are now impacting £2.2bn of debt each year. This rapid growth has resulted in lots of inefficiencies that add significant cost to the process, increase losses for creditors, restrict the accessibility of IVAs for debtors and ultimately make it more difficult for these debtors to get the best advice.

TIX provides all the benefits of a central exchange to the IVA process – automation, standards, improved efficiencies, reduced costs, increased returns and, above all, increased control and certainty for all parties involved.

TIX benefits all parties involved:

• Creditors gain insight into their IVA performance and improved returns;
• Increase dividend returns through better IVA approval decisions and payment management;
• Reduced IVA failure rates;
• Reducing practitioner and servicing fees through increased automation;
• Improved MI and tracking of their IVA portfolio for financial management and provisioning;
• Forum for engaging the industry.

Insolvency Practitioners gain access to standard and automated processes reducing these servicing costs;

• Standardised and automated processes;
• Reduction in paper processes;
• Standard forms;
• Electronic decision results;
• Electronic payment processes;
• A single point of engagement for multiple creditors;
• Reduced document distribution;
• Aggregated payments.

Debtors will gain access to the best debt advice as TIX encourages the right solution based on individual circumstances.

TDX Group, as the leading intermediary in the debt industry, is positioned to work with creditors and IPs and to provide this full service insolvency management solution in TIX.

For more details contact: info@tdxgroup.com