I will clear the agreed sum to clear IVA next month, when the 60 months have been completed. I had advised my IP to call a variation meeting with the creditors 20 months ago to offer a full and final settlement. Due to a family bereavement the funds were suddenly no longer available to me and i had ...

I had a variation meeting scheduled for 22/01/09 but due to unforseen circumstances the source of funds that was to be used to make the offer suddenly was no longer available (due to bereavement). I contacted my supervisor giving them two weeks notice, but was informed that they were unable to cance...

I have made 36 payments at £350 and am returning a 52p dividend to creditors. Having approached my IP they calculated that the offer required to meet the 52p yield to creditors is £7700. The initial dividend accepted by creditors was 47p, but by the annual review, this increased to 52p due to claims...

Melanie, what would you usually regard as reasonable for a variations fee ? I have nearly completed 3/5 years and have been quoted £1250 (including VAT). This seems high to me, but might be the average ?? Any input would be appreciated.

Just checked my paperwork again and my supervisors fees are £900 pa (inclusive of VAT), ie £4500 over 5 years and my nominees fees £3500. So £8,000 out of the agreed £21,000 IVA is going on fees. If a FFS offer co-incided with the annual review/report to creditors, which I will be charged for anyway...

Was just wondering if given the credit crunch and parlous state of the economy, if there had been any relaxation by creditors of returns they were willing to accept on FFS ? My original dividend was 51p in the pound. Will be 3 years in November since started IVA and have been offered some help by a ...

Thanks for your advice everyone. Will see if there is enough money to offer a FFS at the original 51 p in the ££. Won't be for a few months though, so will plough on in the meantime.

My parents will be coming into a sum of money shortly, which wasn't available when I started IVA. I didn't ask, they offered to give me a sum to settle, if I could negotiate an early settlement. This would be advantageous as little incentive to gain promotion in work in present, as this would be lar...

Just discovered this forum. I am two years into my IVA and there is a possibility that my parents will be in a position to lend me some money shortly to make an offer in full and final settlement. The original debt was £26,000 which was reduced to £21,000 repayable over 60 months at £350 per month. ...