Ongoing Support
Our friendly and approachable team members are experienced and also undergo continuous professional training. We make sure that all our team members understand how important it is to particularly recognise and help customers who for one reason or another may be vulnerable. 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.
Proposals Team
Your IVA proposals team member will make sure that all the information and documents which are needed to explain your financial position to your creditors is assembled and reviewed. Once this is done, your IVA proposal will be prepared for you to review and agree on before it is sent to your creditors. Your proposals team member is there to explain to you how the IVA process works and also to answer any questions you may have. You will be given as much time as you need to make sure you are happy to proceed with your IVA and also to make sure that all your questions and any concerns you may have are dealt with and answered fully.
Payments Team
Once your IVA has been approved our IVA payments team will check that you are managing to maintain your IVA payments as agreed. If something unexpected occurs and you are struggling to make a payment our payments team are here to support you. If there has been simply an unexpected expense we will work with you to arrange a payment break of your IVA to allow you time to pay the expense. If there has been a long term change in your financial position we will work with you to find a solution that is tailored to your individual circumstances. Our long-established relationships with major creditors such as banks and credit card companies mean that we can generally count on their support if it is necessary to vary the terms of your IVA to take into account your changed circumstances.
Variations Team
If your circumstances change unexpectedly it may be necessary for us to ask your creditors to agree to vary the terms of your IVA. Bennett Jones has a team of people who work with our clients and creditors when these events occur. If you are faced with the need to vary your IVA our variations team member will help you to prepare the request which is to be made to your creditors. You may need to ask your creditors to agree to a permanent reduction in your IVA payments if your income or your partner’s income has unexpectedly decreased or on the other hand you may wish to ask your creditors to agree to an early settlement of your IVA if you have relative or friend who has offered to provide you with a lump sum payment for this purpose.
Creditor Liaison
After your IVA has been approved and you have started to pay your IVA contributions, your creditors are no longer able to contact you to request payment. However, you may still find during the first few months of your IVA that some of your creditors continue to contact you. Because of this we have a team of peoples who are ready to contact any of your creditors who continue to communicate directly with you. Your creditors will stop contacting you, our creditor liaison team will ensure that these creditors update their records so that they only communicate with us for the remainder of your IVA term.
Annual Income and Expenditure Review
Each year after your IVA has been accepted you are expected to complete a review of your income and expenditure with us. This is an opportunity for us to check with you that your payments are set at an affordable level for your current circumstances. Our annual review team members will help you to complete the review and answer any questions you may have. The team will also prepare a brief report to your creditors to update them on the progress of your IVA.
Why choose Bennett Jones?
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.