Thanks for getting me onto Middlebrooks the other week for me. They really have been amazing and helped me no end. Lisa and Jason are the most genuinely decent people I have dealt with.
I like to thank you and all you guys from Middlebrooks! You have been great and it has been absolute pleasure to deal with you!
Middlebrooks were excellent at arranging my IVA, especially Jason who worked very hard. Communication with Jason was always easy he is very efficient I would definitely recommend this company.
Good service follow up call to make sure all is ok.
I can't thank you enough for the way you dealt with our IVA, your Staff are excellent and treat you in a very understanding way.
Repayments Before & After an IVA
Before an IVA
£400(Total contractual repayments)
After an IVA
£150(Total contractual repayments)
That's a reduction of 62%
During the lifetime of the IVA you will have full legal protection from unsecured creditors and interest and charges will be frozen. All creditor contact will be dealt with by our team and we will manage the IVA process for both you and your creditors.
There are no upfront fees to be paid and you will not be billed for our services. The costs of the IVA are agreed with your creditors and are simply deducted from your monthly repayments before we pay the balance to your unsecured creditors at agreed intervals, normally several times per year funds permitting.
At the end of the agreed period any unsecured debt you have not repaid is then legally written off.
In most situations, an IVA will provide a better return to your creditors than any other formal debt solution. Therefore, the IVA can often be the best option for both you and for creditors.
We will first assess your situation and discuss all of your debt resolution options. If you agree to start the IVA process, we will send you a Letter of Engagement and a brief list of documents that will be required to prepare your file.
Your IVA proposal is prepared using all information available and is then sent to you for your review and approval. The proposal will include all necessary terms and conditions of your offer to unsecured creditors and how the IVA compares to your other options.
Once you have signed and returned your IVA proposal, a copy will be sent to all of your creditors and a virtual Meeting of Creditors will be held. This is effectively a deadline for your creditors to accept or reject your proposed offer. If 75% in value of your creditors voting at the meeting accept your IVA Proposal, then ALL creditors will be legally bound by the terms.
Once your IVA is approved, you immediately receive full legal protection from your unsecured creditors included in the IVA. Your new affordable monthly repayment starts and we will supervise the IVA in accordance with the agreed terms.
Each year we will review your situation to confirm whether there need to be any changes to the IVA. If you struggle for any reason, we can grant payment holidays or even renegotiate the IVA terms with your creditors.
At the end of the agreed period your monthly repayments will cease and a final report will be issued to you and your creditors confirming the IVA has been completed. You will also be issued with a Certificate of Completion and any unsecured debt you have not repaid is then legally written off.