Full and Final Settlement offer advice.

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lee1234

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Post by lee1234 » Tue Aug 03, 2010 3:26 pm
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I must after your thoughts on my full and final settlement offer which as been put forward,and I have the meeting on 24th August.
My friend as kindly offered £9000 to end my iva!!

Expected Payments at the start of my iva.

Payment = £183 x 60 months = £10980.

Payments Recieved/Varied Future payments.

Total paid to date = £2013
Arrears = £0
Future Payments = £9000

Total = £11,013.

Do you think this offer would be acceptable?
Any advice would be very welcome,I'm very nervous!!
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Michael Peoples

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Post by Michael Peoples » Tue Aug 03, 2010 3:59 pm
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Sounds a very generous offer and best of luck for the meeting. A nice friend to have.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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lee1234

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Post by lee1234 » Tue Aug 03, 2010 4:55 pm
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Thanks for the reply.Your right a very nice friend.

n your experience do you think this would be excepted?
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Michael Peoples

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Post by Michael Peoples » Tue Aug 03, 2010 5:04 pm
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In my experience they will bite your hand off. Creditors get more than they expected earlier. Best of luck.
Michael Peoples | McCambridge Duffy Insolvency Practitioners
http://www.mccambridgeduffy.com
If you would like to talk to me about proposing an IVA or have any questions at all please visit www.mccambridgeduffy.com
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garyb

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Post by garyb » Fri Aug 20, 2010 12:13 pm
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I am never sure if they base full and final payment on the amount of the IVA payment, ie 37p in £ or refer back to full debts.
Good luck by the way
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St75

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Post by St75 » Fri Aug 20, 2010 12:58 pm
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Looks like a great offer to me, and as Michael says hopefully they will bite your hand off (not literally, of course)
regards
st75

Started lump sum IVA in Aug 2010 - received certificate of completion April 2011, thanks to Melanie & team
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Rosepetal

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Post by Rosepetal » Sun May 22, 2011 11:10 am
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good luck with the offer x
Nothing stays the same...everything changes..hang on in there!
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kallis3

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Post by kallis3 » Sun May 22, 2011 11:26 am
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Rosepetal, this is a very old post and hopefully the OP has had their offer sorted!
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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