IVA Case Study Examples

Below are examples of some of our recent IVA cases.

Name: Ms W Debts: £15,500 Written Off: £5,900
Young lady struggling to pay creditors £470 per month.
She entered into an IVA in September 2009 and her monthly payments were reduced to £160 per month. After 60 monthly payments she will be debt free.
Percentage Repaid: 64% Percentage Written Off: 36%  
Name: Ms H Debts: £19,000 Written Off: £4,000
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.The client made their last payment in September 2010.
Percentage Repaid: 79% Percentage Written Off: 21%  
Name: Mr K Debts: £25,000 Written Off: £10,600
Client struggling to pay creditors £600 per month.
He entered into an IVA in August 2004 and his payments were reduced to £240 per month for 60 months.
The client is now finished his IVA
Percentage Repaid: 58% Percentage Written Off: 42%  
Name: Mr M Debts: £33,000 Written Off: £12,000
Client paying creditors over £920 per month. He entered into an Individual Voluntary Arrangement (IVA) in September 1999 and his monthly payments were reduced to £350.
In Sept 2004 he successfully completed his IVA.
Percentage Repaid: 64% Percentage Written Off: 36%  
Name: Miss N Debts: £38,000 Written Off: £22,400
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 finished their IVA without any more monthly creditor payments..
Percentage Repaid: 41% Percentage Written Off: 59%  
Name: Mr S & Miss W Debts: £46,000 Written Off: £23,700
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 finished their IVA.
Percentage Repaid: 49% Percentage Written Off: 51%  
Name: Mr S Debts: £59,000 Written Off: £32,600
Client was struggling with monthly payments to creditors of £1,550 per month.
He entered into an IVA in September 2004 and his payments were reduced to £440 per month for the next 60 months. He has now completed his IVA.
Percentage Repaid: 45% Percentage Written Off: 55%  
Name: Mr & Mrs M Debts: £106,000 Written Off: £54,450
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 remortgaged, surrendered endowment policies and raised just under £47k. Creditors accepted this as full and final settlement. They are now finished their IVA.
Percentage Repaid: 49% Percentage Written Off: 51%  
Name: Mr & Mrs G Debts: £98,484 Written Off: £58,834
Clients were struggling to pay creditors over £2,000 per month.
In April 2010 they entered into an IVA. Monthly payments commenced at £200, and in January 2011 this will increase to £350 per month for the duration. They will also introduce a lump sum of £20,000 from a remortgage of their property. In total they will bring in £39,650. In April 2015 they will be finished their IVA.
Percentage Repaid: 40% Percentage Written Off: 60%  

An IVA is "Individual" and as such any debts written off will be dependent on your circumstances and not your debt value.