advice on the right company for lumpsum IVA?

[harrodine]

Thanks Andy
Thanks for your constructive help as some members think it is a good idea to sell your family home to clear your debts.

I think the best way forward is try to do a deal with my creditors on a 121 basis and keep the cahoot loan running i can just about afford the payments on this one.

Any idea what a sesnsible offer to clear an outstanding balance is?

[MelanieGiles]

Whatever you decide to do, make sure that your creditors are treated equally and that one is not preferred over the others. I suggest that you ask Cahoot what they would be prepared to accept in full and final settlement, but if I were them and knew that you had sufficient equity in your property to pay me in full, I would want the lot.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

[harrodine]

melanie
Thank you for being candid.