Source Tester – UK Debt Advice

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* A debt write off amount of between 25% and 70% is realistic, however, the debt write off amount for each customer differs depending upon their individual financial circumstances and is subject to the approval of their creditors. In the last 12 months (accurate as of 2021) a debt write off of percentage of 81% has been achieved by 10% of individuals in an IVA where Timothy Pope is the supervisor. Timothy Pope is authorised in the UK to act as an Insolvency Practitioner (IP) by the Insolvency Practitioners Association (IPA) (IP Number 8090). Timothy Pope is also a registered data controller, registered with the Information Commissioners Office, registration number ZA762676.

An Individual Voluntary Arrangement (‘IVA’) is subject to the customer meeting qualifying criteria and gaining creditor acceptance. Debt write off amounts will vary by individual. There is no obligation to proceed into an arrangement. Monthly IVA payments include fees and may differ to the example provided, based on the assessment made of your personal circumstances. These fees will be clearly explained to you in writing by your advisor. If a person does not meet the criteria for an IVA, details may be provided to other third-party organisations that offer advice and services on other available debt solutions.

UK Debt Advice is a trading style of TJP Insolvency Limited, company number 12320942. TJP Insolvency Limited is a registered data controller, registered with the Information Commissioners Office (ICO); registration number ZA566955.

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