full and final settlement accepted!

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casper90

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Post by casper90 » Wed Jan 05, 2011 10:35 pm
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full and final settlement accepted!

at thevariation meeting today, my full and final offer of £12,000 plus 3 payments totalling £1350 was accepted, what is the procedure now ? i assume ill receive a copy of meeting minutes and information on how to make payment?
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nepensioner

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Post by nepensioner » Wed Jan 05, 2011 10:42 pm
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Hi Casper
congratulations, what a brilliant start to the New year Debt free at last. I am sure your IP will tell you very soon what happens next
F & F Accepted 19th Oct 2010
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kallis3

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Post by kallis3 » Wed Jan 05, 2011 10:43 pm
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Congratulations Casper. I'm sure you'll be told fairly soon as to when to make the payment.
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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anomalous1

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Post by anomalous1 » Wed Jan 05, 2011 11:01 pm
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well done. How muh was owing and how long
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MelanieGiles

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Post by MelanieGiles » Thu Jan 06, 2011 2:18 am
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You should receive a copy of the closure report and your Certificate of Due Completion over the next few days.
Regards, Melanie Giles, Insolvency Practitioner
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luluj

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Post by luluj » Thu Jan 06, 2011 8:41 am
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When mine was accepted I had to pay the funds into the IVA account - only once the funds were received could I then stop my monthly payments - so please check this out.

Well done - it is a relief and you do feel totally refreshed by it when you come back down to earth.

Enjoy your debt free life !
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

Look at my blog "All I wanted was a baby"
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Skippy

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Post by Skippy » Thu Jan 06, 2011 8:45 am
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Congratulations Casper!
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MRBLUESKY

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Post by MRBLUESKY » Thu Jan 06, 2011 11:34 am
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congratulations well done.
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andrea1968

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Post by andrea1968 » Thu Jan 06, 2011 11:42 am
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thats got to be the best new year pressie ever!!!well done you!!!
full and final accepted January 2015

iva agreed; August 2010
iva would have completed; August 2017
extra year thank's to NRAM
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casper90

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Post by casper90 » Thu Jan 06, 2011 4:40 pm
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the original debt was £128,000 i will have repaid £33,000 including the £12,000 full and final offer, house equity was removed as unable to remorgage
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Gaccream

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Post by Gaccream » Thu Jan 06, 2011 4:50 pm
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well done - I am in the same boat with offering a full and final - meeting 2morrow, but I think I know the outcome and will be discussing with my IP. Well done to you though
RPF - Learning more Every Day
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andrewgoodman121

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Post by andrewgoodman121 » Thu Jan 06, 2011 5:08 pm
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If you owed £128000 and can't remortgage and pay back £33000 that is a £95000 debt write off.
Is it me or am i dreaming!![:0]
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casper90

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Post by casper90 » Thu Jan 06, 2011 5:25 pm
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no your not dreaming! original amount i had to pay back including remorgage to release equity was £62,000 but couldnt remorgage so equity taken out and extra years payments would have been another £6,000 making £36,000 to pay back, id repaid £21,500 to date £14,500 outstanding with extra year and offered £12,000 as full and final which was accepted
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kallis3

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Post by kallis3 » Thu Jan 06, 2011 5:33 pm
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It was an excellent result casper.
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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casper90

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Post by casper90 » Tue Jan 11, 2011 11:17 am
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just had chairmans repurt through, max recovery with 88.5% voted in favour, nat west with 11.5% of debt voted against
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