I'm just trying to work out numbers to put forward a F&F offer to PayPlan to propose to my creditors.
Since I started my IVA, my payments have been lowered twice due to changes in my personal circumstances, which have always been approved in PayPlan.
I've worked out that included the additional year (as I'm a homeowner) I have a total of 41 payments left to make.
Will the creditors be expecting a F&F offer to be based on the original monthly payment value from the start of my IVA or the current agreed monthly payment value (that I expect to pay each month if I remain in the IVA)?
F&F offers are usually based on what the creditors stand to get from the IVA, going forward, as it now stands ... so current IVA payment multiplied by the remaining number of payments due (including that 12 month extension if applicable).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
