F&F Meeting set

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KNormington

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Post by KNormington » Tue Feb 16, 2010 3:51 pm
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Hiya

Just a quick question really, im currently 40 out of 60 payments done, paying £352 per month

My current status is that i was made redundant in Oct 09 and my parents kindly offered to pay 10k for f&f

I have been given a date, now scheduled for 6th March 10 - does this seem a fair offer ??

I just want to set myself up for the worst if not !

Heres hoping !
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Michael Peoples

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Post by Michael Peoples » Tue Feb 16, 2010 4:00 pm
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That sounds like a very fair offer from very generous parents. Creditors would be mad to reject and hope all goes well on the 6th.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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Julie

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Post by Julie » Tue Feb 16, 2010 4:08 pm
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Hi - sounds a good offer and I hope you get the thumbs up.[:)]

Good luck for March 6th xx
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htrucker0

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Post by htrucker0 » Tue Feb 16, 2010 4:33 pm
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Hi, correct me if I'm wrong but if you continued to pay £352 per month for the next 20 months to the end of your agreement you would pay £7,040. Why would you be offering 10k as F&F ? I'm sure your good self or a forum expert will put me right if I am making wrong assumptions here !!
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KNormington

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Post by KNormington » Tue Feb 16, 2010 4:46 pm
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Hiya - thx for the message - yes you are right - just looked at the agreement and saw that in the 4th yr payments would go to £440 - so im thinking that would be @ 8.8k over the 20 mths remaining.

Sorry forgot that part !

I knew there was a reason it was 10k ! Mind is like swiss cheese atm worrying about everything !
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htrucker0

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Post by htrucker0 » Tue Feb 16, 2010 4:54 pm
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No problem, but even so, I would'nt be offering any more than you were going to pay anyway over the remaining term of your agreement. Good luck with it all tho'. :-)
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KNormington

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Post by KNormington » Tue Feb 16, 2010 5:00 pm
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Im quietly hoping it will be too much of a big carrot for them to refuse !
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kallis3

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Post by kallis3 » Tue Feb 16, 2010 5:50 pm
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Good luck - I'm sure it will accepted.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Shining

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Post by Shining » Tue Feb 16, 2010 6:05 pm
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Good luck as others say they'd be mad not to accept.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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MelanieGiles

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Post by MelanieGiles » Tue Feb 16, 2010 10:49 pm
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A very generous offer indeed - from very generous parents. Am sure it will be accepted but do let us know as soon as you do. Good luck!
Regards, Melanie Giles, Insolvency Practitioner
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