IVA early settlement

[Blair Endersby]

Gill, please contact us to arrange a consultation. Under normal circumstances we would provide 2 figures, one which would provide the same dividend return as originally offered, the other would be what would be required to give a 100p/£ return. We would also ask you to make an offer which we could then draw comparisons with.

As a general rule, your creditors are likely to ask the following;
How much you are likely to be able to offer.
Where the funds are coming from.
Why you wish to make this offer.
Why you feel this is a better option than continuing with your arrangement.

If you could call us to discuss, we can arrange a full consultation to take down the relevant details and draft up a proposal.

[gill.p]

Reply to Blair Endersby - I will call, once I have spoken to the family to ensure that they are prepared to help out. I am still awaiting an answer from a query about my Ex husband not paying maintenance due to redundancy and this is one of the main reasons for wanting to finish the arrangement, as I have been working overtime to cover the shortage, earning an extra £200 per month to cover the loss, but you have not come back to me to let me know if you will be making an allowance for this and have requested a letter from my EX, which is out of the question, as he is my Ex, we don't talk unless we have too, and I would not want him knowing anything about my financial status. I have been waiting an answer since 29th July, and am very stressed and concerned, that my family have noticed and I have come clean and told them everything.

[gill.p]

Many thanks for the immediate phone call - Blair Endersby and answering all my questions.

[Viki.W]

Good results Gill, good luck and let us all know how you get on. X

[Soulgrowth]

Hi Gill ... just wanted to say that I hope you find a solution. Would you owe this money to your family if they provided the finances for a settlement for you? If this is the case would it not be better to hold your head high, keep your dignity and show that you are big and grown thank you and are effectively dealing with your own financial situation?

Debbie

[james.c]

i am trying to sort out a settlement now, not easy, but so far this is the advice i can give-

1- do you have a clause like mine that states you can not offer a settlement till after 24 months, if this is the case your ip will have to have a creditos meeting to have this overturned and with good reason- mine is just going through that stage.

2- you have the equity clause which i dont cause i rent, but creditors can not rely on this, whos to say poperty prices will go up in 4 years, they could have we have seen go down as well, just like Andy dave said to me they can not count on payrises.

3- you have to prove you have the funds to pay for the early settlement which i have done and explian were it comes from, as my ip states it costs money to hold the creditors meeting.

4 - i worked out my settlement figure, very much the same as you i times the amount by the months remaining and for each complete year left took £1000 a year of as this would have gone to your IP.

Hope this helps, i am going to keep posting on here as mine hopefully progress

[gill.p]

My family are still considering things. I would like to hold my head high, but the family know that my health is not too good, and I am working long hours to make ends meet at the moment and I think thats why they may step in and help. They would not be expecting me to pay them back (very lucky, i guess) but they are not in a positon to over more than £20,000, as it will be taken from the equity of their property. Fingers crossed. However, in the meantime I have just an I and E review which will be used as my annual review, and payments stay the same, so if all goes pear shape, at least I know that I can manage for the next year.

[Soulgrowth]

Hi Gill ... sometimes you just need to take it one step at a time ... at the end of the day your health and your family are the most important things. [:)]

Debbie