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Mr B and Miss E live together with 4 children, misfortune and crippling interest rates they found that they were in debt to the tune of £40,000 plus, they could not see any way out of this mess, and no way could they ever repay these debts We arranged an IVA which will see them paying between them £350 per month over a 5 year period. At the end of that period all outstanding debts are legally written off. They now can look forward to a brighter future. Miss A tried to counter the spiralling interest rates on her credit cards by consolidating her debts into 1 or 2 large loans. She is now on her way via an IVA paying £310 per month after being faced with bankruptcy and debts of over £35,000 on her way to a debt free future and no hassle from creditors. Mr D. Is an HGV driver who relied on credit cards and loans to keep his standard of living, interest charges raised his liabilities to over £40,000 and he was under pressure from all angles. An IVA being arranged for Mr D will see him paying back 25% of his debt in full and final settlement over a 5 year period. Mr P has more than £100,000 worth of debts, and is on a salary of £27,000 per annum no chance of ever repaying his debts. An IVA is being arranged and hopefully his creditors will accept the proposals that will write off 65% of that debt via regular, affordable, monthly contributions over the 5 year period, the alternative to the creditors is to make him bankrupt but with no assets the IVA is attractive to them. Mr & Mrs F are desperate to avoid losing their home through bankruptcy. The have outstanding debts of £110,000 and equity in their home of just £30,000. Through an IVA they have offered their creditors £10,000 of their equity which they will release through a remortgage together with monthly payments which will mean that their creditors are better off than the would be if they made Mr & Mrs F bankrupt, but still sees them writing off 65% of their total debt. All the above cases are genuine and have been arranged by a licensed Practitioners, there are hundreds of cases similar to the above, all showing the benefits of professionally handled IVAs |
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WOD, Burycroft House 1 Bury Road, Epping, Essex, CM16 5EX |
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