Bewildered (nothing new there then !)

[joh71262]

Evening all !

I have been reading lots of posts about F&F's and wondered what offers to IP's were based on. I have the following numbers as of May 17th 2007 :-

Original SofA - £32844.00
Claims - £32500.82
Agreed Claims - £17526.46

Total to pay back £250 x 60 = £15,000

Total payments to date £6410

Fees of £2766.46 had been drawn at that point.

If I was able to release £10k equity, would that be considered acceptable based on the agreed claims to date, or would they inist (assuming higher equity available) that I release more ?

If creditors do not make a claim, does it mean that they have written off the debt or that they will just get whatever is left ?

I think that's it !!![|)]

[MelanieGiles]

It really depends upon what dividend you originally offered compared to the dividend that £10k would achieve now. Can you get your IP to work out a settlement figure for you?

[joh71262]

The original proposal was 27p in the £.

I have voluntarily increased the payments from the £250 to the £270 since last July.

I'm still curoius about this bit though :-

If creditors do not make a claim, does it mean that they have written off the debt or that they will just get whatever is left ?

[MelanieGiles]

See my response on your other post.