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Review of: Varden Nuttall
Review date: 06 May 2011
Insolvency Practitioner who handled case: Michael Howarth
I proceeded as far along as: Accepted IVA
The solution I opted for in the end: IVA
 
Speed of response
No of days to make a decision after I spoke to IVA company: 2 days
Weeks to IVA proposal after decision made: 4 weeks
Weeks to IVA accepted/rejected after decision made: 7 weeks
 
IVA Company Ratings
Their debt solutions expertise: 10 out of 10
Their customer service: 10 out of 10
Their speed of response: 10 out of 10
Overall Company Rating: 10 out of 10
 
Insolvency Practitioner Ratings
The quality of IVA proposal: 10 out of 10
Overall Insolvency Practitioner Rating: 10 out of 10
 
My circumstances:
This is a joint IVA with my husband,I am a Bank Manager and my husband is a mechanic living in East Kent.A property we rent out ran into problems and wecouldnt afford the repairs and lost the rent.This meant we couldnt meet our commitments of £80k unsecured debt and £100k mtg on rental property.We have a property of our own but there is no equity in it.
My interaction with the company:
I was referred to Varden Nuttal after being approached by Debt Release Direct after I used their website.Initially an adviser listened to the whole situation,talked through Bankruptcy,Debt Management and IVA.They recommened IVA and we agreed,they took all the information,arranged for all paperwork needed to be collected.They drafted an IVA proposal which was accepted at the crditors meeting with one change that led to the proposal being over 6 years not 5.This was because the monthly repayment we could afford was so small in relation to the debt the creditors wanted a bit more money.
Why I gave the ratings I did:
All contact with Varden Nuttall has been professional,courteous,helpful timely and a great support.Contactable by direct line to the exact person you need,Catherine Hudson who specialises in self employed cases was unbelievably helpful,answers to all my questions or came back to me when she didnt.All paperwork was clear,our circumstances were taken fully into account and I couldnt recommend them enough.
One thing they did - which really impressed me:
Gave really good advise with a fantastic non judmental attitude as it is embarrassing to find yourself in this position and have to reveal the extent of your mess to strangers
One thing they did - which I felt could be improved:
 
Other points
IVA has been accepted with a monthly payment of £211.The dividend will be around 10% and approx £70k will be written off which will rise as we gave up our rental property to voluntary surrender and any shortfall on the mortgage will be added to the IVA

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Reviewer quotes

  • Varden Nuttall
No pressure
Review from charlie, 14-Oct-2010
The contact and support you get over the phone is really brilliant.
Review from Nabila , 09-Feb-2011
came to me and spoke english not legal double dutch
Review from chris.s, 19-Oct-2010
Communication. From the start I began to recognise and trust the varden phone number and its extensi...
Review from Mistermatt, 30-Dec-2010
they kept me informed all along
Review from michael, 03-Nov-2010

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  • Thank you for this detailed review. I am also a teacher and have also found myself in a position wh...
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