Important announcement regarding Varden Nuttall
Varden Nuttall Limited (‘the Company’) was placed into Administration on 24 March 2016.
The Joint Administrators, Paul Boyle of Harrisons Business Recovery and Insolvency Limited and Ben Woolrych & Phil Pierce of FRP Advisory LLP, act as agents of the Company and without personal liability. Paul Boyle, Ben Woolrych and 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.
When I receive my statements, the total outstanding still seems to be increasing even though I am paying my IVA, I thought all interest was frozen, why doesn’t it decrease?
Not all of my creditors are listed on my chairman’s report. Are they all included?
How do I rebuild my credit rating?
What happens if my income reduces?
Is it true that I can end up paying more than I owe?
What happens if my Individual Voluntary Arrangement fails?
How will An IVA Affect My House?
How To Settle an IVA
Can I Get An IVA If I Am A Student
What is an Individual Voluntary Arrangement?
Why do I need to fill in an RX1 form?
Due to the Consumer Credit Act, your creditors are required to supply you with regular statements of your debt as it stands, including interest and charges. However, this is not the claim that will be accepted for the purposes of your IVA.
Assuming that your IVA completes successfully, the accepted claim will be the debt as it stood at the date your IVA was accepted. The remaining balance including the additional interest will be legally written off.