IVA company shares tumble

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Shares in some "debt management" companies have continued to tumble for the third day in a row.

It's a remarkable turnaround for an industry which, just two months ago, reported record profits off the back of booming demand for individual voluntary arrangements.

These have become a popular way for people in debt to pay off some of what they owe without going bankrupt.

But the high street banks are less keen, and they have struck a potentially fatal blow against the industry.

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