Bennett Jones has many years of experience helping people write off debt and build stronger finances. We will help you pay off your loans, credit cards, catalogues, payday loans and many other debts. Stop creditors harassing you over non-payments of personal, business, or tax debts. We’ve given debt payment help to thousands of our customers, you can read about their stories and 5* reviews on Trustpilot.
Check if you qualify for an IVA in 60 seconds by completing the form above. We can do a brief assessment and tell you what documents are required to move forward. An IVA is a fixed-term debt plan that legally protects you from creditors. 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. An IVA will typically last for 5 years with you making one affordable monthly payment. You don’t need to worry anymore about your creditors contacting you. Our UK based team is ready to help you every step of the way.
What an IVA could do for your finances
Breathe easier with help today
Our team at Bennett Jones has many years of experience in dealing with creditors and administering IVAs. We are here to provide support and guidance for you at a time when you need it most. If you believe an IVA may be the best solution or you would like to learn more about what the process entails, our experts can provide you with confidential advice completely free of charge. There are lots of ways to contact our IVA team:
Why Choose Bennett Jones
Bennett Jones has helped thousands of people solve their debt problems. We offer debt help that is tailored to your personal circumstances.
An IVA stops creditor pressure and writes off debts you can’t afford. No more text messages, emails, letters, phone calls, or home visits from your creditors. The IVA team at Bennett Jones will work closely with you on your journey to financial recovery. An IVA can help you break free from the stigma of debt.
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.
An IVA can stop legal action and bailiffs, with the exception of unpaid court fines, student loans and child support. All other debts, such as parking tickets, council tax, and high court writs can be paid off using an IVA and Bennett Jones will contact your creditors to stop the action.
We will help you get out of debt, with your loans, credit cards, catalogues, payday loans and many other debts. Stop creditors harassing you. Check if you qualify for an IVA in 60 seconds by completing the form above. We will do a brief assessment and tell you what documents are required to move forward with your case. Once the final affordable 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.
Are you struggling financially with mounting debts? Do you struggle to manage your finances? Are you worried about possible creditor action, and further costs? 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.
Our team members have the knowledge, experience and professional qualifications to ensure you receive the guidance and support you need to navigate your journey to financial recovery. With members of our team licensed by the Insolvency Practitioners Association, we comply with all statutory, regulatory and best practice obligations. We are committed to upholding high standards in everything we do. Read some of our excellent customer reviews and case studies to see how our customers have appreciated how our team members have been able to help them.
The sooner you start dealing with your debt, the sooner you’ll have it beaten. If you need some help getting started with a plan, or if you’re not sure about your exact circumstances, then please contact Bennett Jones for free, confidential help. You may also have the option of reaching an informal agreement with your creditors. Typically, the earlier you contact us, the better the outcome.
There is no limit to the amount of debt which an IVA can write off. Your creditors will vote on your proposal and if the amount of debt you are proposing to write off appears to them to be unreasonable your creditors are likely to vote to reject your proposal. At Bennett Jones, we are able to provide you with guidance and advice regarding how much you should offer to pay into your IVA for your IVA proposal to be accepted by your creditors. It is important to note that the offer you will be advised to make must always be an offer that is affordable for you after taking into account the amount you need to allocate to pay your day to day living expenses.
To qualify for an IVA you would have to owe at least £5,500 to two or more creditors and you would also typically need to be able to afford to pay at least £70 per month towards repayment of your debts after you have paid your day to day living expenses.
There is no upper limit to the amount you owe to your creditors which would prevent you from proposing an IVA. More often than not an IVA is going to be viewed by your creditors as the best option for them to receive something towards payment of their debts than any other method of repayment even though this is likely to mean that you will end up debt free after only repaying some of the outstanding debts which you owe.
Immediately after your IVA is approved all interest on your unsecured debts and all charges will be frozen. It is important to note that debts such as mortgages or ongoing car finance will not be included in your IVA and you will continue to pay these as normal. After your IVA is approved you may continue to receive correspondence from some of your creditors. All you need to do is to send this to Bennett Jones who will remind those creditors to update their records to show that you are in an IVA and they must only deal with your IVA supervisor from now on. If your IVA is terminated because you don’t keep to the agreed terms then the interest which was frozen is likely to be added back to your debts.
Debt write off help
You are not alone, millions of people suffer from debt problems. Bennett Jones has helped thousands solve their debt problems. Many people get into financial difficulty and need debt help at some point in their life, often caused by one event such as divorce or unemployment. But many people reach to breaking point due to years of cumulative spending and debt interest building ever higher. We listen to every client’s story with empathy and understanding. We then offer debt help tailored to your personal circumstances.
IVA debt help
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. Bennett Jones is here to help you explore all the options for you to regain control of your finances and become debt-free.