Business debts

With the benefit of hindsight, it sometimes becomes apparent that internal decisions regarding purchases, product pricing, salaries and office costs, for example have resulted in unexpected debts, which can damage the health of the business. 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.

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External factors may also result in financial strain for the business. Contract delays or cancellations, loss of customers and unexpected product supply issues are examples of matters which can quickly lead to serious cash flow difficulties. How you deal with business debts will depend, to some extent, on whether your business is a limited company, a partnership or your own business as a sole trader.

Bennett Jones’ role in your financial recovery

Bennett Jones has helped thousands of people solve their debt problems with an IVA. 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 from our team, you will make affordable repayments to your creditors over a fixed period, with the remaining debt written off at the end.

We are proud of our 5* Trustpilot reviews

October 2024, Tony

5stars

Truly a breakthrough a company of people that actually care and understand your concerns of being in financial difficulties very understanding caring and acknowledging your feelings Craig who called me was very helpful and clear in all aspects of the situation and completely put me at ease from the start to finish highly recommend to any one who’s in financial difficulties

September 2024, Glen

5stars

I found Bennet Jones 5 years ago was really struggling financially. They helped me set up my IVA and the process from start to finish has been amazing. The support I have been given over the last 5 years goes above and beyond what I expected. Would highly recommended If your struggling with debt please don't bury your head in the sand it's an easy process for manageable payments every month and know more hiding behind the sofa. Thanks to everyone at Bennett Jones.

September 2024, Michelle

5stars

I was in a really dark place and didn’t think that I could go on- I saw Bennett Jones advertisement and decided to give them a call. From that moment on. I was not alone, they supported me from the first day and that dark place gradually became a little brighter. They are always there through out- they don’t abandon you at all. Now I have paid my final instalment and I feel amazing- the clouds are gone and I feel like a different person- the Bennett Jones team are absolutely incredible- a safety blanket that helps. Please never feel that no one can help- call Bennett Jones and your life will change for the better.

August 2024, Michael

5stars

Bennett Jones were such a good company they helped me with my IVA to get on top of my situation. Bennett Jones listened to what problems I was having especially when it was to do with work and contract and changing hours they gave me holiday periods and now my IVA has now finished. So, Bennett Jones thank you very much for your kindness and help while I was paying of my debts to creditors.