I'm being hopeful Foggy - I'm final salary pension and that is what I am aiming for but with the pensions revue it could that the goalposts are moved yet again so who knows!
State pension for me is 63 at the moment.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
I've been working for 40 years now - don't want to have to do it for any longer!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Theoretically, I don't know if there is much wiggle room of offer a reduced F&F when creditors already have a claim on the redundancy money. As Andy say's you can ask to retain six months, but the creditors may not want to conclude the IVA if the offer doesn't achieve 100p/£.
On the other hand, Michael has mentioned a couple of times that creditors accept redundancy money in conclusion of an IVA so my theory could be totally wrong (I should just stop waffling)!
I hope they will accept a % of your redundancy to conclude the IVA so you and your daughter get a fresh start. [:)]
How many F&F can you put forward if the first is rejected?
My largest loans are with MBNA - and they accepted the payment break , and the other's rejected. Is it the same with the F&F is it majority rules, so if MBNA accept and the others reject then it will go ahead?
I asked my daughter if she'd go and clean chimney's to pay off my debt but she refused!!!
I think you can put forward as many as you like - bear in mind though that each offer does incur fees as it involves a creditor meeting each time.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
A full and final is supposed to be your best offer first time, so they may not take kindly to repeated 'best' offers. You could instruct your IP to ask what they would accept if the offer is rejected and then you will know what it will take to conclude the IVA.
Best of luck with the offer xx
It should be, but sometimes the creditors will hold out for more. Hopefully this won't happen in this case.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
