An IVA can give you more control of your assets than bankruptcy. Use an insolvency practitioner to get an IVA. Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You'll have to give details about your financial situation, eg your assets, debts, income and creditors.
Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts agree to it. It will apply to all your creditors, including any who disagreed to it. An IVA will stop your creditors taking action against you for your debts. Our dedicated Pre Appointment Team will assess your individual financial circumstances and will prepare your paperwork for the acceptance of creditors.
Your insolvency practitioner will contact your creditors. The IVA will start if the creditors holding 75% of your debts agree to it. It will apply to all your creditors, including any who disagreed to it. An IVA will stop your creditors taking action against you for your debts. Our dedicated Pre Appointment Team will assess your individual financial circumstances and will prepare your paperwork for the acceptance of creditors.
Services
Hanover was formed in 2010 to assist people who are in financial difficulty and is one of the largest and fastest growing Insolvency Practices in the UK. Hanover are accredited with the ISO9001 Quality Management System (QMS) certification, which enables us to continuously meet the needs of our customers.
Money Helper has information on organisations that can give you free advice about whether an IVA is right for you. Your insolvency practitioner works out what you can afford to repay and how long the IVA lasts. You'll have to give details about your financial situation, eg your assets, debts, income and creditors.
A Protected Trust Deed is ideal for someone who lives in Scotland and has unsecured debts that are mounting and becoming unmanageable. It allows you to consolidate all your monthly payments into one affordable monthly repayment. Over the duration of the Deed, which is normally four to five years, you will pay what you can reasonably afford based on your income and any assets you may have.
Under DAS, a debtor commits to a debt payment programme (DPP) which allows them to repay their debts based on their disposable income. A debtor must seek advice and assistance from a money advisor before applying for a DPP under DAS. A DPP can last for any reasonable. A Debt Management Plan is an agreement between you and your creditors to pay all of your debts.
As well as applying for bankruptcy yourself, someone else you owe money to (a creditor) can apply to make you bankrupt, even if you don't want them to. For a creditor to make you bankrupt, you must owe at least 5,000. Remember, bankruptcy might not be your only option and it might not be the best one for you.
Reviews (10)
Erin Slingsby
Jan 10, 2022
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If I could give a minus I would. They consolidated my ex husbands debt and off set it against a joint property that was sold, the sale went through with them having their name on the deeds, the profit cleared his insolvency/debt issues but left me with 7k debt from the sale of the house as they did not carry out correct checks... DO NOT DO BUSINESS WITH THEM!
Danyul
Dec 26, 2021
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When I joined these guys were great. Now, the phone operators literally struggle to comprehend basic questions, and will not answer them when they do. They do not supply requested information which you have a legal right to request. Honestly cannot wait best thing about them taking a solid whack despite struggling as I am I'll be free of them much much sooner.
Edit. Just been told my payment of £2000 won't affect my monthly payments or the term remaining despite being told previously that it will. They're literally stealing £2000 pay your debts off the old fashioned way and avoid these like
Edit. Just been told my payment of £2000 won't affect my monthly payments or the term remaining despite being told previously that it will. They're literally stealing £2000 pay your debts off the old fashioned way and avoid these like
Paul Calladine
Oct 22, 2021
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Kevin Elliston
Aug 22, 2021
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Terrible company to use. Been on the call 1hr20 going around in circles. Taken money out of my account they shouldn’t. No communication. No one know what’s going on. They don’t care about your situation they just want your money. Don’t reply to calls or emails. Don’t keep you updated on anything.
Avoid. Avoid. Avoid. Avoid. Avoid. Avoid. Avoid. Avoid
Avoid. Avoid. Avoid. Avoid. Avoid. Avoid. Avoid. Avoid
Andy Harrison
Aug 14, 2021
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Called for some advice as was getting worried about my debts. I'd taken a loan but was in my 14 day cool off. Advice was cancel the loan and we'll help basically. Stupidly I did, there offer was basically to get me debt free in like 14 years! If I'd just kept with the loan would have been in 18 months. Now can't find any loan with half as good interest rates, so pretty knackered. Thanks a bunch.
Kelly Clay
Aug 10, 2021
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Kojo Panou
Jul 28, 2021
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These guys are terrible. They don’t acknowledge your emails but are quick to review and increase your monthly payment. My life a lot worse and I’m only praying that it will al be worth it in the end if I survived. If you do want to do this you need a company that have your best interest and it’s not these guys. Worse customer services ever
Pearl Paton
Jul 08, 2021
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If this company is a legal company then it must be corrupt as they have no answer for any questions you ask and just tell you that it’s down to the “insolvency practitioner” who you can not call or email (surprise surprise) When you call customer service they try and sweet talk you and promise that your issue will be resolved as soon as possible witch is never, tried to take payment from my bank account on a “Sunday” knowing that it has been frozen and then send a text asking me to pay the declined payment by card witch is attached to the same frozen account. Very unprofessional!! All
Shelling Out
Jul 08, 2021
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Mel Playford
Feb 07, 2021
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Please anyone thinking of going with Hanover. Don't do it. I lost everything taking out a IVA with them. I had to sell my car, but I've find out you don't have to do this. Very untrustworthy company. I received inheritance from my mother and they took it all. So basically I paid my debt back in full. And had nothing to show for it. Nothing but stress and heartbreak. If you do need to take out an IVA there are lots of companies out there who will treat you a lot better.
