Hi,I have an IVA, which I started in Jan 07

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s.uk

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Post by s.uk » Tue Nov 11, 2008 5:36 pm
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Hi,

I have an IVA, which I started in Jan 07 with an agreed total amount of £28300 to be paid over 60 months @472 p/m.

I have paid £11000 with £17000 remaining. I am looking at offering a settlement lump sum of £8000 in Jan. This would make the total amount paid £19000ish. However I have been advised creditors won't accept any less than £.46 per £.

Can anyone offer some advice on if my proposal is sensible and recommend any ideas?

Thanks
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Lisa2009

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Post by Lisa2009 » Tue Nov 11, 2008 6:36 pm
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Its usually best to make an offer as close to the original promised dividend as you can, to make it more tempting to your creditors.
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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liberta

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Post by liberta » Tue Nov 11, 2008 6:43 pm
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If this is the best offer you can make then you should make it. The worst that can happen is that your creditors say no.
Last edited by liberta on Tue Nov 11, 2008 6:44 pm, edited 1 time in total.
Kind regards, Elizabeth Pywowarczuk, Insolvency Practitioner.

If you would like me to advise you about an IVA and if appropriate propose one for you, please visit my website at www.liberta.uk.com
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MelanieGiles

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Post by MelanieGiles » Tue Nov 11, 2008 9:21 pm
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Where are you getting the settlement monies from, and why are you not in a position to maintain the current IVA payments?
Regards, Melanie Giles, Insolvency Practitioner
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