This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. For our privacy policy click here

 

VN Logo 2013

Important announcement regarding Varden Nuttall

Varden Nuttall Limited (‘the Company’) was placed into Administration on 24 March 2016.

The Joint Administrators, Ben Woolrych & Phil Pierce of FRP Advisory LLP and Paul Boyle & Tom Bowes of Harrisons Business Recovery and Insolvency Limited, act as agents of the Company and without personal liability. Paul Boyle & Tom Bowes are licensed by the Insolvency Practitioners Association and Ben Woolrych & Phil Pierce are licensed by the Institute of Chartered Accountants of England and Wales, all Joint Administrators are bound by the Insolvency Code of Ethics.

Is it true that I can end up paying more than I owe?

You will only be asked to pay more than originally agreed if your income significantly increases or if you receive a windfall, i.e. inherit money during the course of the IVA. The key is that an IVA must be affordable, and it must be fair. If you can afford to, you could be asked to pay your debts in full plus statutory interest and the costs of the Arrangement.