Blair Endersby

Paymex Group

Blair Endersby was set up in 2005 to provide Individual Voluntary Arrangements (IVAs) to clients whose debts are making them struggle significantly. IVAs form part of government legislation (Insolvency Act 1986) to provide an alternative to bankruptcy for people in severe difficulty with their unsecured debts. An IVA must be overseen by a qualified Insolvency Practitioner, and Blair Endersby is one of the few companies to offer the complete service – from our trained advisers as the first point of contact to our in-house Insolvency Practitioners, who are licensed by the Association of Chartered Certified Accountants (ACCA).

There are many benefits with an IVA:

  • Single & affordable monthly payment
    The client’s monthly contribution is worked out according to their individual income and expenditure profile, so that they only pay what is reasonably within their budget
  • Debt-free in 60 months
    Assuming the IVA is adhered to, after 60 payments any outstanding debts included in the IVA are usually written off, leaving your client free to make a fresh start
  • Interest & charges frozen
    This is a part of the IVA legislation, so your client has a guarantee that the debts covered by the arrangement will not increase during the life of the plan
  • No more threatening communication
    All letters and phone calls from creditors must, by law, come to us as the supervisor of the IVA. Your client can get on with clearing their debts without hassle from their creditors

Blair Endersby

As an IVA is a formal legal arrangement there are several specific criteria needed to qualify. These will be subject to your client’s personal circumstances and creditors’ agreement – we will of course conduct a through appraisal of each client’s circumstances. To make matters simpler we usually ask introducers that clients fulfill the following:

  • More than £15,000 of unsecured debt
  • 3 or more creditors
  • Disposable income of at least £200/month
  • Genuinely struggling with their debt

IVAs are available to residents of England, Wales and Northern Ireland. If your clients live in Scotland, however, they may qualify for a Protected Trust Deed.

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