A company that provides controversial individual voluntary arrangements (IVAs) was fighting for its future last night after its shares were suspended and it had to call in insolvency experts.

Debt Advisor Group, which employs 150 people in Bury, Lancashire, had been in discussions about a possible takeover, which failed to come to fruition, but the group insisted it was still hopeful that a new suitor might be found. Mark Cawood, marketing director, said the group was still aiming to sell itself as a going concern.

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