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McCambridge Duffy - IVA Case Studies

 

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Case Examples

Debt approx £38k?
Client was struggling to make monthly payments of £785. We reduced this to £260 per month.
Debt approx £100k?
Client was struggling to repay monthly payments to creditors of £1,677 per month.
With an IVA, these monthly payments were reduced to £550.


In House Articles

Debt articles written by our in-house experts...
Fall in Insolvencies
Self employed & The CIS
Self employed workers & IVAs
IVAs & construction
Insolvency & Administration
CVAs & Self employed businesses
Taboos of Insolvency, IVAs & debt
Increased rise in debt & insolvencies
How debt can affect the Family
Banks & Treating customers fairly
Balance Transfers
New Years Resolutions
 
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Case Study 1
Name: Miss N.
Case: Debt approx £38k
Client struggling to make monthly payments of £785 on approx £38k of debt.
We reduced this to £260 per month and in 60 months she will be DEBT FREE .

Case Study 2
Name: Mr M.
Case: Debt approx £33k
Client paying creditiors over £920 per month. He entered into an Individual Voluntary Arrangement (IVA)in September 1999 and his monthly payments were reduced to £350.
In September 2004 he successfully completed his IVA and is now DEBT FREE.

Case Study 3
Name: Mr S. and Miss W.
Case: Debt £46k
Clients were struggling with payments of over £700 per month to creditors. They entered into IVAs in September 2002 paying creditors £300 per month.
In May 2003 they proposed to re-mortgage and raised £19k which creditors accepted as full and final settlement. By July 2003 they were DEBT FREE.

Case Study 4
Name: Mr and Mrs M.
Case: Debt 106k
Clients were struggling to pay creditors £2,500 per month. In February 2003 they entered into an IVA. Monthly payments commenced at £350, and in February 2004 they subsequently re-mortgaged, surrendered endowment policies and raised just under £47k. Creditors accepted this as full and final settlement. The clients are now DEBT FREE.

Case Study 5
Name: Mr S.
Case: Debt over £59k
Client was struggling with monthly payments to creditors of £1,550 per month.
He enterd into an IVA in September 2004 and his payments were reduced to £440 per month for the next 60 months.
After this time the client will be DEBT FREE.

Case Study 6
Name: Ms H.
Case: Debt £19k
Single mother struggling to pay creditors £560 per month.
She entered into an IVA in September 2004 and her monthly payments were reduced to £250 per month. In 60 months she will be DEBT FREE.

Case Study 7
Name: Mr K.
Case: Debt £25k
Client struggling to pay creditors £600 per month.
He entered into an IVA in September 2004 and his payments were reduced to £240 per month for the next 60 months when he will then be DEBT FREE.

Case Study 8
Name: Ms I.
Case: Debt £22k
Client struggling to pay creditors £500 per month.
She entered into an IVA in June 2006 and we reduced these monthly repayments to £250 per month. In 60 months she will be DEBT FREE

Case Study 9
Name: Mr H.
Case: Debt £46,800k
Client was struggling to pay creditors £1141 per month.
We proposed an IVA in September 2005 and his payments were reduced to £510 per month for the remaining 60 months when he will then be DEBT FREE.

Case Study 10
Name: Mr J.
Case: Debt £82,500k
Self Employed Client was struggling to repay creditors and in fear of losing his business.
He entered into an IVA and repayments to creditors were reduced to £500 per month.
Mr J will be DEBT FREE within 60 months and he has protected his business from demanding creditors.

Case Study 11
Name: Mr P.
Case: Debt £83k
A Self Employed Client was struggling with repayments of £1,268 per month to creditors.
We reduced this to £510 through an IVA and he will be DEBT FREE in 60 months and have piece of mind that his business will be protected from creditors.

Case Study 12
Name: Dr M.
Case: Debt £100k
A Client was struggling to repay monthly payments to creditors of £1,677 per month.
We negotiated with creditors through an IVA and reduced these monthly payments to £550. Dr M will be DEBT FREE within 60 months.

Case Study 13
Name: Mr McE.
Case: Debt £82,550k
A Client was struggling to repay monthly contributions to creditors of £2,875 per month.
Upon entering an IVA we reduced this payment to £755 and within 60 months he will be DEBT FREE thus avoiding the publicity of bankruptcy and without his employer being contacted.

Case Study 14
Name: Mr B.
Case: Debt £47k
A Client was struggling to repay £47,000 of unsecured debt.
We proposed an IVA and reduced this to £23,300. Within 60 months the client will become DEBT FREE and the remaining debt will be written off.

Can we help with your debt problems?

To find out if McCambridge Duffy can help you regain control over your finances before matters are taken out of your hands, or to find out if you qualify for an IVA, simply get in touch:


Are McCambridge Duffy regulated?
Yes, McCambridge Duffy and its members are regulated by the ICAEW (Institute of Charted Accountants in England and Wales), ICAI (Institute of Chartered Accountants in Ireland), ICAS (Institute of Chartered Accountants of Scotland)

We are also members of: R3 (The Association of Business Recovery Professionals) and the IPA (Insolvency Practitioners Association)


 
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