McCambridge Duffy

McCambridge Duffy: insolvency solutions for unaffordable debts

McCambridge Duffy is an insolvency firm established in 1932 operating in the UK and Ireland. It presents itself as a family business that, over more than 80 years, has grown to employ over 100 staff and a team of insolvency professionals. Its activity focuses mainly on Individual Voluntary Arrangements (IVAs), a formal insolvency solution that can reduce monthly debt payments to an affordable amount and, upon completion of the arrangement (normally 60 months), write off the unpaid debt.

Specialisation in IVAs and other formal solutions

The firm describes itself as one of the longest-established IVA providers in the sector and states it has a high rate of proposal acceptance by creditors. It charges no upfront fees for drafting an IVA proposal: if the IVA is not accepted, the client pays nothing. In addition to IVAs, McCambridge Duffy offers other formal insolvency solutions, such as bankruptcy, and advises on more complex situations, such as self-employed or business cases. The website indicates that it does not offer informal debt solutions, but that, with the client's permission, it can refer them to appropriate providers or charities, such as StepChange or Citizens Advice (CAB).

Team and advice process

The team includes in-house Insolvency Practitioners (IPs). The website mentions Daniel Rule, James Green, Judy Mooney, Ronan Duffy and Daragh Duffy as part of the insolvency team. The first step of the process consists of assessing the client's financial situation: household income, expenses and outstanding debts (to whom money is owed and how much). From there, the available options and actual repayment capacity are determined. The firm only recommends an IVA if it considers it has a good chance of being accepted by creditors. All advice is confidential and without obligation to proceed.

Examples of IVA cases

The website includes examples of cases handled. In one of them, a client with debts of £38,000 was paying £785 per month to several creditors; after the arrangement, the payment was reduced to £260 per month, with interest and charges frozen. After 60 months, £15,600 would have been paid and £22,400 written off. In another case, a client with £33,000 of debt was paying more than £920 per month; the payment was reduced to £350, with interest and charges frozen, and after 60 months £21,000 was paid and £12,000 written off.

Complementary services and approach

In addition to insolvency advice, the website mentions accounting services and a debt repayment calculator. The firm describes itself as ethical and with the interests of both the debtor and the creditor in mind. McCambridge Duffy LLP is registered in England and Wales with number OC309544 and its registered office is at 17 Hanover Square, Mayfair, London, W1S 1HT. The partnership has a sister company, National Debt Relief, which provides debt advice.

Location and contact

17 Hanover Square, Mayfair, London, W1S 1HT