I have been in an iva 31 months and i am going to go BR for various reasons that you have picked up from my other posts i am torturing you with[:I].All my debts have been sold on to eversheds i still owe approx 13k and have paid 18k into it upto date .If they are faced with the prospect of me going BR and them getting zero or very little else what in your opinion are the chances of them going for a minimal f+f of less than 4k max loaned to me from my retired father?
You can speak to your IP lost,they will tell you whether it is a viable proposition. Sometimes creditors are anxious to get what money they can, you can only try.
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
I would have thought you have a very good chance, and that it is something which is definately worth trying before you consider bankruptcy proceedings.
Eversheads are probably acting for Max Recovery and they will accept a F&F as long as it is fair and reasonable so don;'t worry.
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.
