Were you mis-sold an individual voluntary arrangement (IVA) or debt plan?

You could reclaim fees paid and other losses if;

• All options were not propely explained
• Your debts have increased or lengthened
• Fees were too high or not explained

An IVA is a form of debt relief available under English Law. If debts are overwhelming, an Insolvency Practitioner (known as the IVA Supervisor) can take control of your debts, agree a debt plan with your creditors (including writing off some debt) and supervise payments until the debts are paid off, usually over 3-5 years. While it can be suitable for many and avoids the stigma or disadvantages of bankruptcy, it may not be right for many people.

It can leave people struggling with household bills, being in debt for longer or getting more into debt to make IVA payments.

A Government Body, the Insolvency Service, undertook a study published in October 2024. It found over half of a large sample of IVA’s were unsuitable or had something else wrong.

You may also have a claim for losses if;

• You had no assets at the time
• You had no surplus income

If you feel your IVA is not right for you, WE CAN, FREE OF CHARGE review your IVA documents and advise you if you have a good claim, before we offer you our “No Win, No Fee” Agreement. There is no obligation to proceed so you have nothing to lose speaking with our friendly advisers.

Of course, you can complain yourself and if this is rejected, complain to the Financial Ombudsman Service (FOS), the financial redress body. However, there are 4 good reasons for using experienced solicitors such as ourselves;

1. We have over 15 years’ experience in financial services claims, recovering millions in compensation for 100’s of clients, with very high success rates.
2. We will not be fobbed off by rejections or offers of token compensation. We strive to recover the most possible, including lost interest.
3. As Solicitors, we can pursue legal proceedings if it becomes necessary as a last resort.
4. Wading through the details and submitting a complaint yourself can be distressing. We can take care of the details and the whole process.

You are in safe hands with us

We are an award-winning team of solicitors who specialise in financial services claims.

• We have over 15 years’ specialist experience in financial services claims. 7 specialist solicitors in this area with over 100 years qualified experience.
• Our specialist knowledge and presentation of cases results in very high success rates.
• We operate on a “NO WIN, NO FEE” basis.

Our fees

If you have a good claim, we can offer you a guaranteed "No Win, No Fee" Agreement. We follow a tariff of charges set out by our regulator as follows:

If unsuccessful, you pay us nothing. It’s that simple. Our agreement completely covers you for work submitting a complaint, a claim to FOS and legal proceedings if necessary. The Agreement also comes with a 14-day cooling off period allowing you to change your mind.