full and final payment

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thg

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Post by thg » Mon Mar 03, 2008 10:55 am
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6 Firms are involved in an IVA.One firm is owed £2600.Could a full and final payment be offered to the firm,and what would a reasonable offer be? There is about 4 years to run on the agreement.Thank you.
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iva experts

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Post by iva experts » Mon Mar 03, 2008 10:59 am
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Hello thg,

Do you mean that you have 6 creditors? If you are looking to offer a full and final settlement all creditors need to be involved not just one or two.

I would contact your I.P and discuss this option with them as they know the ins and outs of your proposal. Also they will be able to guide you correctly with the amount being offered.
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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