Hi, thanks. I've never heard of a F&F IVA before - how does it differ from doing one myself?
I'm quite happy dealing with it myself, but just wanted to make sure I got the wording right - I used the nationaldebtline template and amended it to come from me but stating the money is from a third party and will be paid by the third party by way of a banker's cheque.
I've written a little about how we got into difficulty and pointed out that if we carry on as we are it would be over 10 years before the accounts would be settled.
I've included the ex-gratia and without prejudice wording and I'll enclose a summary of the amounts being offered to all creditors, including what we currently owe. ETA should I do this, as on some forums people advise against it as they say the creditors won't care who else you owe to, just that they would want it all?
Should I also enclose an up-to-date financial statement, even though they all had one in June/July?
Also, I've read that some creditors could make it awkward by not accepting the offer and then knowing we have access to some money may try to get us to start making full monthly payments again and other things...... is this true?
Also, all creditors agreed to freeze interest when we first started DMP - so could they agree to settle and then try to get us for the interest later?
Many thanks if anyone can assist with these queries or have any other advice.
P.S. I'm offering 30%
Last edited by
stejay on Tue Oct 29, 2013 1:21 pm, edited 1 time in total.