Mr & Mrs A

Mr & Mrs A and their two children lived in property subject to a tenancy agreement with the local council. Mr A works full time and Mrs A works part time. They approached Bridgestones owing in the region of £19,000 to their unsecured creditors. They looked at their income and expenditure account and were comfortable in offering creditors a 5 year IVA with monthly contributions at £280. Creditors were advised that the anticipated return over the 5 years to them would be approximately 53p/£. The requisite majority voted to accept the IVA.

 
 
 

Mr B

Mr B lives with his wife and child in rented accommodation and had incurred business debts. He is now self-employed and also had substantial personal debts. Mr B advised that he owed unsecured creditors in the region of £59,000. Mr B offered to creditors a 6 month IVA in which time he would surrender policies that he had and make funds from this available to the supervisor for the benefit of his creditors along with a lump sum payment from a third party. Creditors were offered an anticipated dividend of 28p/£ and the requisite majority accepted this proposal.
 
 
 

Mr & Mrs C

Mr & Mrs C live in a property which they jointly own. Mr & Mrs C valued their residential property at £145,000. They have a mortgage with nationwide. The sum of £130,000 is secured. Mr & Mrs C owe £45,339 to their creditors. Mr & Mrs C are both in full time employment and at the time they proposed an IVA they had a joint disposable income of £250 per month. They also had a car subject to a finance agreement that had a further 37 payments left to make. Mr & Mrs C proposed to increase their voluntary contributions by the sum being paid to the finance company once the agreement ceased. In the fourth year of the arrangement Mr & Mrs C proposed that their residential property would be valued and that they would make every effort to raise the equity held in the property at the time in excess of £5,000 for the benefit of their unsecured creditors. Creditors were offered an anticipated dividend of 26p/£ and the requisite majority accepted the IVA.
 
 
 

Ms D

Ms D is the sole owner of her home. Ms D valued her residential property at £85,000. Ms D has a mortgage with Halifax Plc and the sum of £78,000 is secured. There is also a secured loan in favour of First National Bank, which secures the sum of £11,000. Ms D owes £34,493 to her creditors. Ms D is in full time employment and at the time that she proposed an IVA she had a disposable income of £250 per month. Ms D was also clearing mortgage arrears and she proposed that once the arrears were cleared she would increase the voluntary contributions into the arrangement by the amount she was paying to the mortgage company. In the fourth year of the arrangement Ms D proposed that her residential property would be valued and that she would make every effort to raise the equity held in the property at that time in excess of £5,000 for the benefit of her unsecured creditors. Creditors were offered an anticipated dividend of 28p/£ and the requisite majority accepted the IVA.
 
 
 
Find Your Solution
How can we help you?

Value of Crown Debt (VAT/PAYE/HMRC):

Value of Bank Debt:

Value of Trade Creditors:

Number of Trade Creditors:

Are you a homeowner?


Are you experiencing threats of action / bailiffs / threats of winding up?

Client Testimonials


We both can't thank you enough for all the help you have given to us. We both feel now we can get our lives back on track and look forward to a better life. You have all been brilliant. Thank you.

Mr & Mrs L, Lancashire

Latest News

  • Late Payment of Commercial Debt: Avoiding Financial Crisis

    Late Payment of Commercial Debt: How to Avoid It Recent figures show an increasing number of UK companies getting into the bad habit of late payment of commercial debt, with most of them paying debts almost a month after the agreed payment schedule in 2011. The worst identified culprits ...


    Posted on 16 Feb 2012
    In Uncategorised | 0 comments

Read More »