My husband completed his IVA in Aug 2013, we received the completion certificate March 2014. We are now looking at selling his flat he owns with his ex-wife. However there is a joint unsecured section to the mtg that was included in the IVA for my husband. When we sell is the mtg company going to fo...

Hi guys you have all been so helpful but my partner when to his ex wife to explain that he was going to make an offer for full and final settlement, which would be about 75% of the debt (ish) however this means that there is 25% of the debt left to pay and she was not happy about it. she states that...

Thank you michael, I just obviously want to pay as much pence to the pound as possible

Does anyone have an idea on how much grant thorntons fees are for organising a F & F settlement? Just trying to work out calculations to see how much pence we will pay to the pound?

Thanks Foggy If this is the case then hopefully we will be able to use that money to get a higher pence to the pound paid off as we will be offering £25k, partner has already paid £2.5k there was £4k in the bank in Jan and has had a further 6 months payments. Hopefully the IP fees wont be too extort...

thanks lemm

Thats really starting to make sense now. Can anyone tell me what the "in the bank" amount is for on the yearly reviews?

There's approx £4k in there could this go towards fees so more % to the pound is paid?

Thank you Foggy So just so I can get this clear.....outstanding debt £40k (£28k joint, £12k single), Iva accepted £30k over 6yrs, we settle IVA with £30k. The £10k oustanding will fall to the solvent party? If the IP can make it that the majority of the money pays off the £28k joint section then the...

Thank luluj

What i was asking is if the full and final settlement was accepted would this not then settle the debt? ie no longer chase the joint party?

Thank Davie Will this b the case even though they have put the whole joint £28k into my partners iva. I assumed the creditors agreed to taking 75p per pound and the rest of the debt was written off. Surely that would mean the "written off" amount is actually written off not then chased up to be coll...

Hi my partner has an IVA and is looking at making a full and final settlement offer next week he has had the iva for 2.5 yrs and I am looking at borrowing money to help him. He had a total debt of £40000 approx which they have accepted to receive £30000 approx to include the amount of £18000 in e...