Full and Final Offer

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geminifm

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Post by geminifm » Sun Oct 30, 2011 2:01 pm
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Hi all

We are 36 months inton our 60 month IVA, we have a offer from a member of family to pay £6000 into our IVA as a Full and Final, We currently pay £293 a month so if we carried on paying £293 we would pay back £7032, do you think this a fair offer to make.

We have not had our annual review yet but since the last one both my wife have myself have taken pay cuts to the point our expenise's are more than our incoming.

Regards
Last edited by geminifm on Sun Oct 30, 2011 2:06 pm, edited 1 time in total.
FULL AND FINAL ACCEPTED, COMPLETION CERTIFICATE NOW IN HAND :)
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Rod Newman

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Post by Rod Newman » Sun Oct 30, 2011 2:57 pm
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Always worth asking, just make sure they know the offer made to you by the family member is available for a F&F only though. What's the worst that can happen if you ask?
Rod
Most day's you feel like the statue but just once in a while you get to be the pigeon!
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geminifm

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Post by geminifm » Sun Oct 30, 2011 6:19 pm
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Will contact my IVA company tommorrow and submit the offer and see what happens from there. Any idea how long this prosess can take?
FULL AND FINAL ACCEPTED, COMPLETION CERTIFICATE NOW IN HAND :)
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Rod Newman

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Post by Rod Newman » Sun Oct 30, 2011 7:23 pm
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Afraid not but if you make an offer like than I would imagine they would be seeking to get the wheels in motion quickly. Also say that they offer is time restricted and if not accepted withing say a couple of months or so could and probably would be removed and the funds used for something else by the family.
Rod
Most day's you feel like the statue but just once in a while you get to be the pigeon!
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geminifm

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Post by geminifm » Fri Feb 03, 2012 12:43 pm
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Well had our creditors meeting today and our offer of £6000 was accepted, we are thrilled that the end is near!!
FULL AND FINAL ACCEPTED, COMPLETION CERTIFICATE NOW IN HAND :)
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kallis3

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Post by kallis3 » Fri Feb 03, 2012 12:57 pm
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Fantastic news, really pleased for 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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Foggy

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Post by Foggy » Fri Feb 03, 2012 3:51 pm
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Great news. Well done :0)
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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nepensioner

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Post by nepensioner » Fri Feb 03, 2012 3:52 pm
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Sooo pleased for you, the end is here!!
F & F Accepted 19th Oct 2010
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Butterfly30

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Post by Butterfly30 » Thu Mar 01, 2012 1:25 pm
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Great news! I am in the process of submitting a f&f. Hope mine is excepted too!
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Rod Newman

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Post by Rod Newman » Thu Mar 01, 2012 2:16 pm
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Brilliant news, well done.
Rod
Most day's you feel like the statue but just once in a while you get to be the pigeon!
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