Full and Final settlement

2 posts Page 1 of 1
Post Reply
 
 

johnmc

User avatar
Posts: 18
Joined: Tue Oct 11, 2005 8:29 pm
Location:
Post by johnmc » Sat Jun 16, 2007 2:02 pm
Quote
After requesting a figure for a full and final settlement figure from my IP I am a bit disullioned/confused with the response.

My original debt figure was £23,803.90. The agreed dividend was 51p/£. I am 30 months in and have paid £10,395 to date. The letter I received dated that to pay the creditors 100p/£ the figure I would need is £21,709.25 which includes £500 meeting fee and £1,500 early settlement fee.
The letter says basically that after fees I have paid £4,600 to creditors thus far. What is a relistic figure to offer for F&F settlement?

Many thanks
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Sat Jun 16, 2007 3:25 pm
Quote
Hi
Do you have a fourth year equity release provision in your IVA ?
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
Top
Post Reply
2 posts Page 1 of 1
Return to “full and final settlements”