creditor settlemant

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nev

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Post by nev » Sat Oct 11, 2008 11:59 am
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one of my main debts is a loan to alliance with a settlement of £7152
if a was to offer them a settlement of 4500 would they accept?
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Adam Davies

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Post by Adam Davies » Sat Oct 11, 2008 12:07 pm
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Hi
It is possible but will depend on your circumstances.
How much other debt do you have ?
Regards
Andam Davies
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nev

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Post by nev » Sat Oct 11, 2008 12:14 pm
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total debt of £19000 owed to 4 creditors.
i would b able to get funds of 8500 to offer settlement
the companies which worry me the most are
alliance and hmrc tax bill
alliance7152
hmrc 4807.
the other is loan 5500
alliance card 1800!
would this b at all possible
Last edited by nev on Sat Oct 11, 2008 12:42 pm, edited 1 time in total.
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MelanieGiles

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Post by MelanieGiles » Sat Oct 11, 2008 12:45 pm
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If you are going to offer settlements to creditors, do try and make sure you treat them all evenly so as to avoid any unfair prejudice. You will find HMRC very unlikely to accept any short offer of settlement.
Regards, Melanie Giles, Insolvency Practitioner
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David Mond

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Post by David Mond » Sat Oct 11, 2008 11:47 pm
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It seems to me that you need professional assistence. Visit www.iva.com for a selection of experts who will be able to get all the facts from you and give you the appropriate advice. Good luck.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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