Full and final offer

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yellowrose

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Post by yellowrose » Sun May 25, 2008 6:36 pm
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Hi everyone

Ive been reading several posts over the last few weeks about full and final settlements, although this is not something ive been cnsidering I was just wondering about my own situation and whether anyone could give me any ideas as to the figure of settlement that would be most appropriate if in the future I would be in a situation to do this. Details of IVA as follows

Total unsecured debt: £25,207
Total offer: 16,680
Total costs £7,276
Amount available for distribution after costs: £9,404

Monthly payments for first 18th Months were £278 total £5004
The last 3 months were increrased to £448 total £1344 overall total to date £6348.

Any thoughts?
60 down 0 to go!!!!
IVA completed :)
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Adam Davies

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Post by Adam Davies » Sun May 25, 2008 7:21 pm
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Hi
Presuming that you do not have an equity release you will be looking at approx 14-15k
Regards
Andam Davies
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yellowrose

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Post by yellowrose » Sun May 25, 2008 7:25 pm
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Thanks Andy

No i do not have any equity release
60 down 0 to go!!!!
IVA completed :)
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Adam Davies

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Post by Adam Davies » Sun May 25, 2008 8:05 pm
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Hi
If ever you make an offer you must word it to the effect that you will be using your disposible income in full to repay the third party loan[family or friend]and that this loan will only be made if it is used to conclude your IVA
regards
Andam Davies
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