Bennett Jones Specialises in IVAs
✓ Write off unaffordable debt*
✓ One monthly repayment
✓ Only pay what you can afford
An IVA may not be suitable in all circumstances. Fees apply. Entering into an IVA will affect your credit rating. You could write off up to 80% of your debts upon successful completion of an IVA.(10% of our customers wrote off 80% in the last 12 months, with a typical figure of 25%-75%).
Check if you are eligible for an IVA
Bennett Jones is here to help you regain control of your finances. We’ve helped thousands of customers become debt-free by using an IVA. Complete the form above to get no-obligation debt help from our trusted partner, The Debt Advisor Ltd.
Our relationship with The Debt Advisor
The Debt Advisor and Bennett Jones have common Shareholders. The Debt Advisor Ltd is authorised and regulated by the Financial Conduct Authority to provide debt counselling and debt adjusting services to people who are experiencing financial difficulties. The Debt Advisor Ltd will advise you regarding all of the solutions which are available to help you. There is no charge for initial advice relating to the debt solutions available to you and is without obligation. Depending upon the solution that you choose, fees may apply.
Find Out More
Bennett Jones is here to help you regain control of your finances. We’ve helped thousands of customers become debt-free by using an IVA. Complete the form above to get no-obligation debt help from our trusted partner, The Debt Advisor Ltd.
We are proud of our 5* Trustpilot reviews
June 2024, Lynne
Patient and understanding debt management advice. From the beginning to the end of my five year journey to take control of my debt everyone at Bennett Jones have been nothing but kind and supportive. Always supporting me without making me feel uncomfortable about my circumstances and explaining everything very patiently, showing understanding of how difficult this can be for someone to undertake and guiding me gently through concerns and daft questions. Thank you for your assistance in taking back control and making a fresh start after a particularly challenging time in my life.
May 2024, Adam
I would like to thank Bennett Jones for helping me with my IVA proposal. I'm a glass half full person but the realities of life and unforseen circumstances with finances had taken its toll. Bennett Jones have helped me to have a fresh start and take control back of my finances. It's a huge load lifted off my shoulders.......
April 2024, Beverley
I would like to thank Bennett Jones for all their help over the past 5 years.. I was in a pretty dark place financially. And through the debt advice helpline I found Bennett Jones.. From start to finish they have been professional sympathetic and always helpful. I've recommended friends who are also happy with their service. If I could give more than 5 stars I would.
Why choose Bennett Jones?
Bennett Jones has helped thousands of people solve their debt problems by using an Individual Voluntary Arrangement (IVA). We understand how stressful and difficult life is when you can’t pay your debts and your bills. We specialise in IVAs – a formal debt solution that allows for unaffordable debts to be written off. With an IVA you will make affordable repayments to your creditors over a fixed period and, if this is completed successfully, the remaining debt is written off at the end.
An Individual Voluntary Arrangement (IVA) is not suitable for everyone who needs help with their debts. There are alternative debt solutions available. The team at The Debt Advisor will consider all your options and help you decide on the right solution for your circumstances.
Listen
We will listen carefully to your individual story with empathy and understanding
Solve
We will provide you with all the help and assistance you need to solve your debt worries
Support
If an IVA is right for you, we will support you all the way on your journey to debt freedom
We will listen carefully to your individual story with empathy and understanding. We will provide you with all the help and assistance you need to solve your debt worries. If an IVA is right for you, we will support you all the way on your journey to debt freedom
What makes Bennett Jones different?
The team at Bennett Jones will work closely with you on your journey to financial recovery if the solution you choose is an IVA. We will help you understand how an IVA can be set up for your particular circumstances to result in you being debt-free. The team will make sure we have all the financial information and documents we need to be able to prepare your IVA proposal for your creditors.
An IVA may not be suitable for everyone who needs help with their debts. Fees apply. Writing off debt with an IVA will affect your credit rating (see our FAQ). You could write off up to 80% of your debts (10% of our customers wrote off 80% in the last 12 months, with a typical figure ranging from 25%-75%).
- No obligation to use our service.
- All enquires are completely confidential.
- Bennett Jones is operated by a licensed insolvency practitioner regulated by the IPA.
What is an IVA?
An IVA is a legal agreement between you and your creditors. It is established and overseen by a Licensed Insolvency Practitioner, who acts as the mediator between you and your creditors. The exact amount of your monthly payment will depend on your circumstances. If you are a homeowner, once your IVA is approved your home is protected. If you have a private pension this will also be protected.
Typically an IVA will last for 5 years with you making an affordable monthly payment from your income into your IVA. Once your IVA has been approved, we can deal with your creditors on your behalf and creditor correspondence will reduce. Your insolvency practitioner who supervises your IVA will deal with all your creditors. Once the final IVA payment is made, you are no longer liable for any of the debts included in your IVA and there will be no further balance to pay, even if this means your debts have not been repaid in full.
To be eligible for an IVA, you need to show that you do not have enough money to pay your debts in a reasonable amount of time. In most cases, your debts must be more than your assets, including any property you own. You also need to have some surplus income each month after paying for your living costs.