Have a look at some of our IVA Example cases below. We have provided a mix of both real IVA cases and sample IVA cases with varying debt levels, just to give you an idea of how an IVA might work for you.
Remember, no two IVAs are the same because it will depend on the following circumstances:
If you want to more about if an IVA might be a good solution for you and get further information on how your IVA case would work, then simply fill in the form on this page and one of our debt advisors will call you for a chat and to discuss further.
Client was struggling with monthly debt repayments of £785 to several creditors. We were able to have this reduced to £260 per month, with all interest and charges frozen. After 60 months of paying this reduced amount, any remaining debts will be written off and they will start their life free of debt.
£15,600 will be repaid and £22,400 will be written off.
Client was paying over £920 per month to creditors. We were able to have this reduced to £350 per month, with all interest and charges frozen. After 60 months of paying this reduced amount their solution was complete, their remaining debt was written off and they were free of their debts.
They repaid £21,000 and £12,000 was written off.
A couple were jointly paying creditors over £700 per month. We were able to have this payment reduced to £300 per month, with all interest and charges frozen. After 8 months of paying this reduced sum, they proposed to remortgage their home. This was successful and they released £19,000. Their creditors accepted this as a full and final settlement of their debts.
Client was struggling with very high debt repayments of £1,550 per month which was far too unmanageable. After assessment of his situation we worked out what he could actually afford. We were able to negotiate payments of £440 per month with his creditors. After 60 months, his remaining debts will be written off and he can start life free of debt.
£26,400 will be repaid and £32,600 will be written off on completion.
Client was struggling with monthly debt repayments of £560 to several creditors. We were able to have this reduced to £250 per month, with all interest and charges frozen. After 60 months of paying this reduced amount she will become debt free and any remaining debt will be written off.
£15,000 will be repaid and £4,000 will be written off.
Client was struggling with payments of £600 per month to their creditors. We were able to reduce the payment to £240 per month. After 60 months of paying this reduced amount, any remaining debts will be written off and they will start their life free of debt.
£14,400 will be repaid and £10,600 will be written off.
Client was struggling with monthly debt repayments of £500 to several creditors. We were able to have this reduced to £250 per month, with all interest and charges frozen. In 60 months, any remaining debts will be written off and they will be debt free.
£15,000 will be repaid and £7,000 will be written off.
Client was struggling with monthly debt repayments of £1,141 to several creditors. We were able to have this reduced to £510 per month, with all interest and charges frozen. After 60 months of paying this reduced amount, any remaining debts will be written off and they will start their life free of debt.
£30,600 will be repaid and £16,200 will be written off.
A Self Employed client was struggling with debt repayments of £1,268 per month. We were able to have this reduced to £510 per month with an IVA. He immediately gained peace of mind that his business would be protected from any creditors. After 60 months of paying this reduced amount, he will be debt free and able to start afresh.
£30,600 will be repaid and £52,400 will be written off.
Client was struggling with monthly debt repayments of £1,156 to several creditors. We were able to have this reduced to £388 per month, with all interest and charges frozen. After 60 months of paying this reduced amount, any remaining debts will be written off and they will start their life free of debt.
£23,280 will be repaid and £23,720 will be written off.
1: We do not charge upfront fees for drafting and submitting your IVA Proposal. We only put an IVA case forward if we believe it will be a successful one for both you and your creditors. If however, in the event that your IVA proposal is unsuccessful, then you will not be charged a penny.
2: The fees for an IVA are all set by the creditors (no matter which provider you use), so if your IVA application is successful, the only thing to worry about is whether you have chosen the right Insolvency Practitioner.
3: All fees are taken out of your affordable monthly payment so you will never be asked for additional fees or receive a bill from us.
4: We are the longest established IVA provider in the UK and have thousands of happy clients. We also have one of the highest success rates in the industry.
5: We have 4 full time highly regulated Insolvency Practitioners giving us a wealth of experience and knowledge (most other providers have just 1 or 2), so we have probably seen all possible circumstances.
Call us now on 0800 043 3328 or read on to find out more...
" McCambridge Duffy have been great, completely open, honest and non-judgemental from the first phone call. Kept me fully informed through every stage, always did exactly what they said they would and always got back to me promptly. Fully recommended."
Work out what your new monthly IVA repayment could be by filling in our debt and budget calculator form.
In the IVA example pictured above, our client was struggling with payments of £600 per month to their creditors. We were able to reduce the payment to £240 per month. After 60 months of paying this reduced amount, their IVA will be complete. Any remaining debts will be written off and they will be able to start over debt free.
Chat with one of our debt advisors. We are available to answer any of your questions.
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