hi there,would just like some advice have today wrote a letter to my ip synergi to ask for a settlement figure for a full and final payment my husbands employer said they would do this loan us a lump sum.The iva as been up and running since oct 06 we pay 259 per month and are expected to release in the 5th year equity in our home of 22,464,total creditors claims are 51,445 and estimated dividend is 52p in the £.Have just recieved my annual report wich says the debtors have paid 4,174 into the arrangement and also the sum of 38.35 overtime there will be no increase in monthly contributions.,the debtors have agreed to make available 100% of the equitable interest in our property to be paid in the fifth year,the amount estimated to be raised is expected to be in the region of 22,464,estimated per orignal iva.It then says total 51,444.79,claims recieved 53,028.96.The nominees fees are 4,250 plus vat,supervisors renumeration was estimated to be in region of 5,000 plus vat,it was also agreed sufficent funds would be retained to issue bankruptcy petitions should debtors default,,a summary of time and costs which synergi have incurred since there appointment 21850.50 excluding vat as at 29th november 07 other expenses 148.00.Have read such bad press about synergi would really love to get them paid off,my question is i thought they may accept a lower payment say 20,000 would this be reasonable have not said how much we can pay but have asked simply for a figure off them what if they say 30,000 could we offer lower.We have little income and cannot afford to go much beyond 20,000 obviously we have to repay this and it would be stopped out of my husbands wages so it's got to be realistic.sorry it's such a long post and for the bad spelling mistakes,would also like to point out we had our first dealings with synergi in june 06 and finally got the iva october 06
kindest regards
frances
