Hi, I just wanted to update everyone on my IVA situation, I first posted the details of my situation in this thread:- http://www.iva.co.uk/forum/topic.asp?TOPIC_ID=5019 My Full and Final offer was accepted today after offering them £10500. According to the report sent to creditors, this would only g...

Thanks again Melanie. Would it sway the creditors to accept the decision if I was struggling to make the payments at present? Obviously they could get money now or risk going bankrupt and getting only a small percentage. I think this is the argument that my IP is putting across to them. Thanks again

Thanks for the response Melanie. Through this board I am beginning to understand more about IVA's. My property is currently worth £92000. My mortgage has £63000 left to pay over 23 years. I have a secured loan on the property which has approx £15000 left to pay over 13 years. Am I right in thinking ...

Thanks again for the responses. I really appreciate it. Just one further question (if thats okay!!) I am 17 months into my IVA paying £280 per month. I have also made an extra payment of £480 from overtime worked. My original repayment arranged by creditors / IP was £16500 (25p in the £1). Obviously...

Thanks for those responses. My IP (Varden Nuttall) are telling me they would be suprised if the creditors reject the offer. However, having read similar posts on the board I am not as convinced. I think my IP is coming from the angle that I am struggling with payments, which may look more beneficial...

Just found this forum and think its very helpful. I was wondering if someone "in the know" could give me some advice. I have an IVA and have been paying it now for 17 months. My original debt was £41000. When my IVA was set up it stated that I must pay the creditors 25p for every £1. Over five years...