If you are struggling to pay your debts, agreeing an affordable payment plan with those you owe money to is a sensible way forward. You can do this through a formal arrangement.

Individual Voluntary Agreement (IVA)

An IVA  is a formal agreement and is effectively a contract between you and the your creditors. It ring fences any historic debt allowing you to make contributions towards the debt at an agreed and affordable level over a set timescale. To be approved, an IVA requires the agreement of 75% (in value) of creditors which vote upon it.  It also allows for the orderly realisation of assets by the debtor.

Mary Taylor
Director

Mary began working in insolvency for a national accountancy practice in Glasgow thirty years ago and worked in most divisions of the insolvency department.

She then moved to a smaller firm so she could advance her knowledge on a more hands on basis. She moved back to Leeds in 1987 and commenced working with a small firm of accountants and subsequently made partner.

She left in 1999 to set up her own practice, McCann Taylor.
McCann Taylor became involved with the consumer market both in England and Scotland.

Mary sold McCann Taylor in March 2007 and formed Walsh Taylor to concentrate on helping businesses experiencing financial difficulties.

Walsh Taylor Finding workable solutions for your financial problems
If you would like us to contact you by phone please include your phone number or call us on 03300889358.