IVA Case Studies Northern Ireland
Below are some examples of Case Studies from IVAs we have set up for customers over the years...
| IVA Case Study 1 |
Name: Mr Y |
Case: Debt £46k
Clients was struggling with payments of over £700 per month to creditors. They entered into an IVA in September 2003 paying creditors £300 per month.
In May 2004 they proposed to re-mortgage and raised £19k which creditors accepted as full and final settlement. By July 2004 they were DEBT FREE.
| IVA Case Study 2 |
Name: Mrs P |
Case: Debt approx £33k
Client paying creditors over £920 per month. He entered into an IVA in September 1999 and his monthly payments were reduced to £350.
In September 2004 he successfully completed her IVA and is now DEBT FREE.
| IVA Case Study 3 |
Name: Mr O |
Case: Debt approx £40k
Client struggling to make monthly payments of £785 on approx £40k of debt.
We reduced this to £260 per month and in 60 months she will be DEBT FREE .
| IVA Case Study 4 |
Name: Mr & Mrs R |
Case: Debt 108k
Clients were struggling to pay creditors £2,500 per month. In February 2004 they entered into an IVA. Monthly payments commenced at £350, and in February 2005 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.
| IVA 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.
| IVA Case Study 6 |
Name: Miss T |
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.
| IVA Case Study 7 |
Name: Mr B |
Case: Debt £27k
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.
| IVA Case Study 8 |
Name: Ms F |
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
| IVA Case Study 9 |
Name: Mr W |
Case: Debt £44,500k
Client was struggling to pay creditors £1150 per month.
IVA NI 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.
| IVA Case Study 10 |
Name: Mr K |
Case: Debt £82,760k
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 K will be DEBT FREE within 60 months and he has protected his business from demanding creditors.
