Bennett Jones provides a supportive and professional service to help you change your financial future.
Speak confidentially with a trained debt advisor to find the best option for you. 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 one of our trained advisors.
Why choose Bennett Jones?
Bennett Jones has helped thousands of people solve their debt problems. We understand how stressful and difficult life is when you can’t pay your debts and your bills. You can trust Bennett Jones to help you if you are struggling to pay your debts. We specialise in Individual Voluntary Arrangements – a legal 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, with the remaining debt written off at the end.
An Individual Voluntary Arrangement (IVA) is not suitable for everyone who needs help with their debts. If an IVA is not right for you we will give you free no obligation help so you can decide on the solution you need.
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
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. We will help you understand how an IVA can be set up for your particular circumstances to result in you being debt-free. We are here to help you become free of the burden of debt. Our supportive team members will discuss the various debt relief options available for you, and only once you are sure that an IVA is the right choice for you, we will proceed to help you set up your IVA. The team will make sure we have all the financial information and documents we need to be able to prepare an IVA proposal that will be accepted by your creditors.
An IVA may not be suitable for everyone who needs help with their debts. Fees may apply, but the initial assessment is free. Writing off debt with an IVA will affect your credit rating (see our FAQ). If an IVA is not right for you we will give you free no-obligation help so you can decide on the best solution for you. 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 charge at any stage for debt advice
- No set-up fees
- No obligation to use our service
- All enquires are completely confidential
- We are not a call centre or intermediary
- We are 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 but can start from as low as £70. 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, you don’t need to worry any more about your creditors contacting you. 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. When you talk to Bennett Jones about an IVA or other debt solutions, we make sure that you are aware of all the possible solutions for your situation. You will be able to make the best choice for your circumstances. If you decide an IVA is right for you, we will support you on your journey to financial health.
We understand how difficult it is to cope with unmanageable debts and the stress and worry this causes. Bennett Jones is here to help you explore all the options for you to regain control of your finances and become debt-free.