Full & Final payment offer

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Rich0409

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Post by Rich0409 » Mon Sep 17, 2007 5:43 pm
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Hi all, myself and my wife were originally 49K in debt, we have been paying £393 per month for 11 months now and we have had an offer from relatives of 21500 for a full and final settlement - does this seem reasonable to put forward to our creditors?
My wife is now pregnant with our second child and this will obviously affect our future payments into the IVA.
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MelanieGiles

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Post by MelanieGiles » Mon Sep 17, 2007 5:44 pm
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Seems reasonable to me, so long as you are not property owners with the need to equity raise at the end of the IVA.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

To have me propose an IVA for you, please visit:
http://www.melaniegiles.com/ivaEnquiry.asp

See customer feedback at:
http://www.iva.com/iva_companies/IVA_Advice_Bureau.asp
Regards, Melanie Giles, Insolvency Practitioner
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Rich0409

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Post by Rich0409 » Mon Sep 17, 2007 5:46 pm
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Hi Melanie

We are not property owners so that is good, I will pen a letter to my supervisors and see what they say, from reading other posts that is the way to go I believe
Many thanks for your speedy response

Rgds

Rich
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Adam Davies

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Post by Adam Davies » Mon Sep 17, 2007 7:45 pm
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Hi Rich
That is a cracking offer and I see no reason why it should be refused.Make sure your IP puts forward the point that your joint income will shortly drop due to the new baby.
Good luck to you

Andy Davie
IVA.co.uk Spokesperson

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

IVA Helpline: 0800 197 4838
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Andam Davies
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iva_squirrel

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Post by iva_squirrel » Tue Sep 18, 2007 9:34 am
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Hi Rich,

That seesm like a very good offer. Have you spoken to your IP about this?

Regards,
Michelle P.
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iva experts

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Post by iva experts » Tue Sep 18, 2007 1:30 pm
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Hi Rich,

I think the offer that you are wanting to put forward is a good one, Andy makes a good point when advising that you make clear to your I.P that your income will reduce regarding you and your wife expecting a second child.

Please keep us posted on the result [:D]

Best Regards,
IVA Experts
http://www.iva-experts.co.uk/
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
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Rich0409

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Post by Rich0409 » Tue Sep 18, 2007 9:48 pm
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Well I have now penned the letter as suggested. I am glad to hear it is a cracking offer lol makes me want to offer less now so that we have some money for when the babe arrives
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