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Individual Voluntary Arrangements

This is principally for the reason that the personal assets of the business owner, including their home, can be under threat.

A partnership voluntary arrangement is used where there are more than one business owners trading in partnership and an individual voluntary arrangement is used for one person alone. Equally a series of individual voluntary arrangements can be used and this can often be the case in relation to either business partners or other partners.

In the same way as a company voluntary arrangement 75% of the value of those who vote need to vote in favour of any proposal. Most proposals again involve monthly payments over a 5 year period after which time the debt is discharged in full. It is not normal to use this solution if the debts are for less than £15,000. It is a useful tool as it avoids bankruptcy and protects personal assets.

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It just goes for me to say thank you for your help and assistance and especially the advice in this matter and should A2Z have the need for similar services. We will certainly consider Banner Jones first

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Although you are now part of Banner Jones, to me you are still Glossops, and the service we receive is part of why we have been with you for so many years.

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If in future I need legal advice my preference will be with Banner Jones after such great service

Mr Kingston

Excellent service due to business relationship with our solicitor.

Mr A, Chesterfield

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