We can confirm that we have today secured the approval of another Individual Voluntary Arrangement on behalf of one of our clients.
Despite an initial rejection lodged by the principal creditor, H M Revenue & Customs, our personal insolvency team stationed at our Burnley office, has managed to turn the clients fortunes around and secure an acceptance vote from HMRC, which will in turn ensure the IVA proposals are approved.
This results in a favourable outcome for the debtor, as he retains control of his property, whilst also minimising costs (by avoiding bankruptcy) which will result in a significantly greater return to creditors. A win win scenario.
At T H Financial Recovery we are adept at preparing bespoke IVAs for our clients, aimed at suiting their needs whilst also providing creditors with a more favourable outcome. If you are experiencing financial difficulty and wish to discuss you option FREE OF CHARGE, please do not hesitate to get in touch to arrange a free consultation on 01282 332222