can i ask for a early settlement figure ?

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densbar

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Post by densbar » Thu Nov 22, 2007 11:12 am
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i have been in a iva since november 2004,in my last year i have to release about £23000 to clear any interests in my house by my crediters.i am currently paying £566 per month.can i ask my superviser for a early settlement figure and pay off the rest of the iva early.thanks denis
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Adam Davies

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Post by Adam Davies » Thu Nov 22, 2007 11:45 am
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Hi
You can,the proble that you have is that your creditors may prefer your IVA orun it's course as they will get 60 paymens plus a slice of your equity.If you can offer a figure that will be equivelent to this then you stand a good chance or if you can show that there is a danger that your IVA will not run the full term then again this stands a good chance of success.
Have a word with your IP and make sure that it is your actual IP that you speak to and not a case worker
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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