early settlement

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1
Post Reply
 
 

nancyspong

User avatar
Posts: 8
Joined: Fri Dec 08, 2006 1:23 pm
Location:
Post by nancyspong » Tue Nov 24, 2009 8:43 pm
Quote
I am 36 months into my IVA. It is difficult but I am making it work. If by chance i could settle early what would be the process? I have 24 months to got at £250 per month.
Top
 
 

MRBLUESKY

User avatar
Posts: 2870
Joined: Tue Jun 02, 2009 11:04 am
Location: United Kingdom
Post by MRBLUESKY » Tue Nov 24, 2009 9:05 pm
Quote
hi nancy the money would need to come from a third party on the understanding it was only available on the condition your creditors excepted it as a full and final settlement.£5000 in my experience may be accepted,in certain circumstances less may be accepted,best to have a chat with your ip has they know your terms of your iva and could advise.good luck .
Top
 
 

MelanieGiles

User avatar
Industry Expert
Posts: 47612
Joined: Tue Jan 09, 2007 10:42 am
Location:
Post by MelanieGiles » Tue Nov 24, 2009 10:54 pm
Quote
Where would you be getting the money from as a matter of interest?
Regards, Melanie Giles, Insolvency Practitioner
Top
 
 

Julie

User avatar
Posts: 9503
Joined: Thu Feb 14, 2008 10:56 pm
Location: United Kingdom
Post by Julie » Wed Nov 25, 2009 3:50 pm
Quote
Hi Nancy,

As the others have said you need to approach your IP with a figure near to the full amount. they would look into where the money is coming from.
Top
Post Reply
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”