f&f offer

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mummyjosie

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Post by mummyjosie » Tue Jun 19, 2012 1:41 pm
Hi forgot to write this question on my last post, if we wanted to do a F&F offer what do you think would we need to offer? we pay £447 a month and are half way through our iva.

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Michael Peoples

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Post by Michael Peoples » Tue Jun 19, 2012 1:45 pm
This depends on whether you can maintain the payments or not and what if any equity is available in year 5. Assuming no equity and you will have to repay the debt I would think £10k would be a starting point but if you are struggling a lower figure could be used.
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
 
 

mummyjosie

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Post by mummyjosie » Tue Jun 19, 2012 2:09 pm
Thanks for answer both questions today michael peoples :-)
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