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IVA Case Study - Colin

Colin works for a major airline company in London. His daughter found herself in debt following the breakdown of her relationship. She found herself borrowing money to repay her debts - getting her deeper into trouble. As her spirits and health deteriorated her concerned father contacted Vincent Bond for help:

 Vincent Bond suggested a lump sum IVA:

Total Debt 36000
Solution Lump Sum IVA
Duration of IVA 1 year
Debt Written Off 60%

The daughter was able to set up an IVA which wrote off 60% of her debt. Her father plans to make a gift donation to end the IVA early (instead of going to 5 years). She will then be debt free and able to rebuild her credit rating.


Have you considered an IVA?
Why not talk to a Vincent Bond debt advisor. It is a quick and easy way to find out your options. All Vincent Bond advisors are extremely well trained and you will be able to have all of your questions and concerns answered for free.

 

 
 
 
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