full and final

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clasher

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Post by clasher » Sat May 09, 2009 2:01 pm
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if you make a full and final payment offer , would any monthly payments made after the date of the offer to the date of the meeting ,be knocked off the offer amount if the full and final be accepted
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kallis3

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Post by kallis3 » Sat May 09, 2009 2:06 pm
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I'm not 100% sure, but I think they would be on top of what you were offering as the creditors obviously like back as much as they can get.
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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MelanieGiles

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Post by MelanieGiles » Sat May 09, 2009 2:54 pm
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It would depend on the terms of your offer - but I would suggest that the best spirit would be to continue payments until the offer has been accepted.
Regards, Melanie Giles, Insolvency Practitioner
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Adam Davies

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Post by Adam Davies » Sat May 09, 2009 3:33 pm
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Hi
Best to carry on paying until accepted just in case it is rejected, otherwise you will be in an arrears situation. There should only be one or two payments made between offer and acceptance so it will be down to your IP to knock these off the lump sum payment or not.
Regards
Andam Davies
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David Mond

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Post by David Mond » Sun May 10, 2009 11:44 am
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Or clarify the position with your Supervisor (IP) and see what he/she suggests.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
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