Business Details
50+ Years
experience
Your Trusted Partner for IVA Solutions in London
Established in 1932, McCambridge Duffy is a family-run insolvency firm with over eight decades of experience in debt solutions. Our team of dedicated advisors and five in-house Insolvency Practitioners specialises in formal insolvency arrangements, including Individual Voluntary Arrangements (IVAs), with a proven track record of high creditor acceptance rates. We prioritise ethical practices, offering confidential, no-obligation advice while ensuring clients understand all available options.Our commitment to transparency is reflected in our no-upfront-fees policy, and we maintain strict confidentiality throughout the process. With a focus on client-centric support, we have helped thousands of individuals and businesses achieve financial stability across the UK and Ireland.
Services
IVA Setup
Debt Assessment
Creditor Negotiation
Financial Planning
Insolvency Solutions
Details
- Year established: 1932
Highlights and features
- We have over 80 years of experience in insolvency solutions.
- Our team includes five full-time Insolvency Practitioners.
- We guarantee no upfront fees for IVA proposals.
- We maintain a high IVA acceptance rate through tailored proposals.
- We provide confidential, non-judgmental advice with no obligations.
What people say
Great Service
Professional Team
Non-judgmental Support
Helpful Advisors
Reliable Process
Services
IVA Setup
Our IVA setup service creates tailored debt repayment plans, reducing monthly obligations and freezing interest. We negotiate with creditors to secure approval, ensuring affordability while protecting clients from legal action. The process typically spans 60 months, after which remaining debts are written off. Our team manages all creditor communications, providing ongoing support until completion.
Debt Assessment
We conduct comprehensive debt assessments to evaluate income, expenses, and liabilities. This analysis determines viable solutions, including IVAs or alternatives, while prioritising client affordability. Our advisors explain all options clearly, ensuring informed decisions. Assessments are free of charge and conducted confidentially, with no obligation to proceed.
Creditor Negotiation
Our team negotiates with creditors to accept reduced repayment terms through IVAs or lump-sum offers. With a high success rate, we advocate for fair settlements that align with client affordability. We handle all correspondence, ensuring creditors adhere to agreed terms while protecting clients from further collection efforts.
Financial Planning
We assist clients in creating sustainable budgets that balance debt repayments with living expenses. This planning ensures long-term financial stability post-IVA, incorporating strategies to rebuild credit and avoid future debt cycles. Ongoing guidance supports clients throughout their repayment journey.
Insolvency Solutions
Beyond IVAs, we offer formal insolvency solutions for complex cases, including business insolvencies and bankruptcy. These solutions provide structured pathways to resolve unmanageable debts while complying with legal requirements. Our practitioners ensure transparent processes and prioritise client interests.
People
Daniel Rule
Insolvency Practitioner
Daniel Rule is a seasoned Insolvency Practitioner with extensive experience in debt restructuring and formal insolvency solutions. He specialises in guiding clients through complex financial challenges, ensuring ethical and sustainable outcomes.
James Green
Insolvency Practitioner
James Green brings decades of expertise in insolvency law and debt management. He focuses on delivering client-centred solutions, with a strong track record in negotiating creditor agreements and managing IVA processes efficiently.
Judy Mooney
Insolvency Practitioner
Judy Mooney is a dedicated Insolvency Practitioner known for her empathetic approach to debt resolution. She specialises in supporting individuals and businesses through formal insolvency procedures, prioritising transparency and client well-being.
Ronan Duffy
Director
Ronan Duffy, a director at McCambridge Duffy, oversees strategic operations and client services. With a family legacy in insolvency, he ensures the firm maintains its reputation for ethical practices and high client satisfaction.
Daragh Duffy
Director
Daragh Duffy contributes leadership in financial advisory services, focusing on innovative debt solutions. He works closely with clients to assess affordability and implement effective insolvency strategies, upholding the firm's commitment to integrity.
Questions
What is an IVA and how does it work?
An IVA is a formal debt solution that reduces monthly payments to an affordable amount, freezing interest and writing off remaining debts after 60 months. Creditors vote on the proposal, and if accepted, payments are managed by an Insolvency Practitioner.
Are there upfront fees for IVA setup?
No upfront fees are charged for drafting or submitting an IVA proposal. Fees are only deducted from monthly payments once the IVA is accepted by creditors.
Can I qualify for an IVA if I own a home?
Homeowners may need to release equity in the final year of an IVA. If remortgaging is not possible, the IVA term may extend by up to 12 months.
What alternatives exist if an IVA isn't suitable?
Alternatives include bankruptcy, debt management plans, or informal arrangements. We signpost clients to appropriate providers if an IVA isn't the best option.
How long does an IVA typically last?
An IVA typically lasts 60 months (5 years), though lump-sum settlements or changes in circumstances may alter the duration.
How does an IVA affect credit ratings?
An IVA impacts credit ratings for six years from commencement. However, it provides a structured path to becoming debt-free, aiding long-term financial recovery.