Case examples

Take a look at some of the IVA and Debt Management case examples below to get an idea of how these solutions might work for you.

IVA Case Examples

Miss N with Debts of £38,000

Client was struggling to make monthly payments of £785 on approx £38k of debt. We reduced this to £260 per month and in 60 months she will be debt free.

Mr M with debts of £33,000

Client was paying creditiors over £920 per month, which he could no longer afford to manage. He entered into an Individual Voluntary Arrangement (IVA) and his monthly payments were reduced to £350. After 60 monthly payments he successfully completed his IVA and was discharged from his debts.

Mr S & Miss W with joint debts of £46,000

Clients were struggling with payments of over £700 per month to creditors. They entered into IVAs paying creditors £300 per month. After 8 months into their IVA, they proposed to re-mortgage and raised £19,000 which they offered to creditors as a full and final settlement of their debts. The creditors accepted and the were they were debt free within a few more months.

Mr and Mrs M with debts of £106,000

Clients were struggling to pay creditors £2,500 per month. They successfully entered into an IVA with their creditors. Monthly payments commenced at £350. A year later, they subsequently re-mortgaged, surrendered endowment policies and raised just under £47,000. This sum was used to offer a lump sum settlement of their debts. Creditors accepted this as full and final settlement. The clients are now debt free.

Ms H with debts of £19,000

Our client is a single mother struggling to pay creditors £560 per month. She entered into an IVA where she agreed affordable monthly payments of £250 per month. In 60 months she will be debt free.

Ms I with debts of £22,000

Client struggling to pay creditors £500 per month. She entered into an IVA where we reduced these monthly repayments to £250 per month. In 60 months she will be debt free.

Mr H with debts of £46,800

Client was struggling to pay creditors £1141 per month. We proposed an IVA on his behalf to his creditors. They accepted and his payments were reduced to £510 per month for 60 months. After this, he will then be free of debt.

Mr J with debts of £82,500

Self Employed Client was struggling to repay creditors and in fear of losing his business. He entered into an IVA and repayments to creditors were reduced to £500 per month. His debts will be addressed within 60 months and he has managed to protect his business from demanding creditors.

Debt Management Examples

Mrs McC with debts of £30,400

Client was struggling to pay their creditors the minimum monthly payments of £910 on their debts. We managed to set up Debt Management Plan with their creditors, with monthly payments of £318. We also negotiated that all interest and charges would be frozen on their accounts.

Mr K with debts of £10,860

Our client was struggling with repaying their debts of £10,860. They opted to do a Debt Management Plan. Their payments were reduced from £560 per month to £200 per month and all interests and charges were successfully frozen.

Ms L with debts of £12,500

Client was paying monthly payments of £306, but the payments were too high for them to manage. We were able to review their situation and get their payments down to £100 per month in a Debt Management Plan. We also succeeded in getting interests and charges frozen.

Ms D with Debts of £9,800

Client was paying monthly payments of £480, but couldn't afford to keep up the repayments and was getting further and further into debt. After reviewing their circumstances, it was determined that they could afford a monthly payment of £150 per month in a Debt Management Plan. We negotiated this with their creditors and also succeeded in getting interests and charges frozen on their debts.

Mr W with debts of £9,462

Our client was struggling to pay monthly debt repayments totalling £797 on his debts of £9,462, after his overtime had been reduced at work. He opted for a Debt Management Plan where we were able to negotiate a lower monthly repayment with the creditors. His total monthly payments were reduced to an affordable amount of of £150.

Mr C with debts of £2,922

Client has debts left over from some time ago, where he couldn't afford to make repayments after a relationship breakdown. He wants to address the debts after being pursued by debt collection agencies demanding payment, but he cannot afford to pay what they are asking. He has agreed to enter a DMP, agreeing to make monthly repayments of £120 to his creditors.

Mr K with debts of £25,000

Client struggling to pay creditors £600 per month. He entered into an IVA and his payments were reduced to £240 per month for the next 60 months. On completion of the IVA he will be free of debt.

Miss B With debts of £4,200

Our client has been struggling to keep up with her debt repayments of £350 per month after her hours were reduced at work. She has agreed to make more affordable payments of £100 per month in a Debt Management Plan. We will negotiate the payment with her creditors and aim to get interest and charges frozen on the debts.

Case examples

IVA Case Examples

Miss N with Debts of £38,000

Mr M with debts of £33,000

Mr S & Miss W with joint debts of £46,000

Mr and Mrs M with debts of £106,000

Ms H with debts of £19,000

Ms I with debts of £22,000

Mr H with debts of £46,800

Mr J with debts of £82,500

Debt Management Examples

Mrs McC with debts of £30,400

Mr K with debts of £10,860

Ms L with debts of £12,500

Ms D with Debts of £9,800

Mr W with debts of £9,462

Mr C with debts of £2,922

Mr K with debts of £25,000

Miss B With debts of £4,200

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