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 associated company 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 by the Financial Conduct Authority to provide debt advice. There is no charge for initial advice provided by The Debt Advisor. 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.