F & F Offer

[Aaron]

Hi. I'm trying to make an offer, though there seem to be a bit of a dispute over how much I owed to creditors in the first place.

When I applied for my IVA back in mid-June 2006 I owed £21,600 and my IVA was approved end of July 2007.

I have asked for my F&F figure and the amount to creditors is £23,800. This being £2,200 more. I can't imagine with interest and charges from mid-June to end July 2006 this would equate to £2,200....

I asked my IP how much had been claimed so far, mid last year and it was about £16000...though bank of scotland still had to claim.

I have asked my IP to check things out.

Should I be worried.

Also with the £23,800 figure it means the offer will be higher, though with the lower figure or even middle of the both I am able to offer up the divided required or more.

Can someone please tell me what I should do? Thanks.

[jpj]

My creditor figures went down from £127k to £111K !

Creditor figures are not set in stone...If you submit a full and final offer your Ip will contact all your creditors again for a final figure! (so the figure you have may change again.
I really wouldnt worry about the exact figures,your IP will do that!

[Aaron]

Thanks JPJ. It's just that the higher creditor figure is affecting my ability to me a decent offer...if it was lower by say a £1k then my offer will look good and probably be accepted and my IP will be happy to put forward. thanks

[MelanieGiles]

Go with your IP's advice on this point - they do need to crack on with the agreement of creditor claims in order to give you a definitive figure.