FULL AND FINAL OFFER

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tristan

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Post by tristan » Sun Oct 24, 2010 4:14 pm
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im paying £571 per month and have 14 months left and a good friend of our have offered me £5000 as a loan would this be accepted?

how long will it take to ask the creditors?
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Shining

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Post by Shining » Sun Oct 24, 2010 4:51 pm
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I would think it sounds a fair offer, bearing in mind that once the offer is made monthly payments will continue and it can take 3 or so months until the F&F creditors meeting so you will have paid a bit more then. Worth running it by your IP in any case x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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kallis3

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Post by kallis3 » Sun Oct 24, 2010 7:14 pm
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Sounds good to me - fingers crossed it gets 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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MelanieGiles

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Post by MelanieGiles » Sun Oct 24, 2010 11:46 pm
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A tad on the low side so close to the end of your IVA would be my verdict, and I can see creditors wanting you to continue monthly payments until you are at least able to effect the level of original dividend they agreed to accept.

Isn't it better just to finish the think off now - the next 14 months will whizz and is it really worth putting your friend into debt for?
Regards, Melanie Giles, Insolvency Practitioner
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tristan

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Post by tristan » Mon Oct 25, 2010 2:34 pm
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the reason behind this is work is very slack at the moment and theres talk of getting rid of the night shift and if i was to go onto days my pay would be cut by 25%.

has anybody had their f+f offer turned down?
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Shining

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Post by Shining » Mon Oct 25, 2010 8:10 pm
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Have you spoken to your IP?
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 Oct 26, 2010 1:47 am
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As an IP, I would only entertain this if a client's salary had actually been reduced, and was not just under threat.
Regards, Melanie Giles, Insolvency Practitioner
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tristan

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Post by tristan » Sat Oct 30, 2010 3:11 pm
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my creditors meeting will be held on 30th nov at 10.00am
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kallis3

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Post by kallis3 » Sat Oct 30, 2010 3:14 pm
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Fingers crossed for the 30th.
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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tristan

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Post by tristan » Mon Nov 08, 2010 12:11 pm
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has anybody close to what im offering as a F+F offer been turned down as im starting to worry about work now and my meeting is not for another 3 weeks
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Shining

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Post by Shining » Mon Nov 08, 2010 10:19 pm
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good luck for the 30th from myself too x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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tristan

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Post by tristan » Mon Nov 29, 2010 12:30 pm
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roll on tomorrow and i will know one way or the other

GETTING NERVOUS NOW
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Skippy

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Post by Skippy » Mon Nov 29, 2010 12:34 pm
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Good luck for tomorrow x
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kallis3

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Post by kallis3 » Mon Nov 29, 2010 7:12 pm
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Good luck for tomorrow - thinking of you.
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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tristan

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Post by tristan » Tue Nov 30, 2010 11:40 am
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my meeting is set for 10am this morning,still waiting for the phone to ring

how long does these things take
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