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
Hi and welcome to the forum. As Kallis says if it's the best offfer on the table and gives a better return than bankruptcy then it could well do. When in an IVA there is the possibility of uplift payments i.e if work overtime or receive a windfall and that will increase that dividend.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I have spoken to an IP and this is their suggestion, just seems very low but it's all I have spare. Plus i own a property which i may have to remortgage. i guess this will make it look slightly better
With the remortgage clause you will probably find that you won't be able to get a remortgage and your iva will usually continue on for a further twelve months but your ip should explain this to you
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
Yes, I'm with Payplan. They have been having a bit of a hard time on here recently but I've not had many problems with them at all.
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
I got 6p in the £ accepted last week, and have put forward 4p in the £ today which I am hopeful of acceptance, so you should be OK with your own offer so long as it is the best possible. Good luck!
Good luck Saladfingers and welcome to the forum. Payplan wouldn't be suggesting an iva if they weren't confident it would be accepted so you have as good a chance as any!
