any reason why full and final should not be accepted ?

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matt213

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Post by matt213 » Mon Oct 11, 2010 7:52 pm
Hi All,

Sorry if this has been asked a million times but I am going to ask anyway.

I am a year and a half in to my IVA and has all been going quite well. I am about to put a petition through to gain a US visa and get married to my long standing American girlfriend. This could take anywhere up to a year to go through. What I wanted to do was pay the IVA off early, but wait until March when it will be 2 years in. The remaining balance will be a little over #8000 to be paid and I will offer the full amount as my Father has kindly offered to donate me the money when he takes retirement and cash in a bond that he has.

Is there any reason that you can think that it would not be accepted. Do you have to be in the IVA for a certain amount of time before you can settle early? or is there any other reason that you can think of that it would not be accepted.

Your help is most appreciated.

Matt.
 
 

leaKybrain

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Post by leaKybrain » Mon Oct 11, 2010 10:38 pm
Hi Matt, it looks like its been quiet on here tonight, but am sure someone will be able to answer your question.
 
 

Shining

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Post by Shining » Mon Oct 11, 2010 10:43 pm
Hi Matt, all the best with your Visa application and your forthcoming marriage.

Have you run the amount by your IP? I personally think it's a good offer and if you hang around maybe one of the professionals who post on the forum will be along to advise. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

MelanieGiles

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Post by MelanieGiles » Tue Oct 12, 2010 1:08 am
If you are offering the full amount of the outstanding payments, via a loan from your Dad, I would say you have a very good chance of acceptance - but speak to your own IP on this as they have expert knowledge of your own case and therefore chances.
Regards, Melanie Giles, Insolvency Practitioner
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