In February 2008 we were appointed to act as Nominee in drawing up an IVA proposal for an accountant, who would not have been able to continue practicing as an accountant if declared bankrupt. A proposal was drawn up which included a the debtor making voluntary contributions from his ongoing income.
The outcome for creditors was therefore much better than it would have been in a bankruptcy scenario and therefore the proposal was accepted. The duration of the IVA was 5 years and it was successfully concluded with a substantial return of funds to the creditors. The debtor was able to continue to practice throughout the period of the IVA and afterwards.
Alison and Ruth both provide pragmatic and commercial solutions to businesses and individuals facing financial difficulties. Their approach not only ensures the strongest chance of financial survival but also the interests of creditors. I would confidently recommend them to anyone in need of their sNev Catton (Solicitor )
25 April 2016
22 March 2016
20 January 2016
- Head Office: Suite 3 Farleigh House, Farleigh Court, Old Weston Road, Flax Bourton, Bristol, BS48 1UR
- Tel: 01275 464 038
Fax: 01275 462 937