Hi All... So my F&F was accepted on 25th January and I recieved my completion certificate yesterday 11.03.21. Cant put in to words how amazing this feels as I can finally move onwards and upwards! Just wanted to update you all, as I know a lot of people tend not to post once accepted etc. My IVA was...

Hi Nigel, I've just faced this very issue if I understand you correctly. A company who fronted my creditors for my full and final refused a 3k offer (full amount if continued is £4080) I then increased this to £3500 and they came back on day 14 accepting £3760 (£4k really as they want to keep the pa...

Hi guys... My 14days were up today and creditors finally accepted. My increased offer was 4k and they've accepted this! I'm no better off financially as I would have paid in £4080 continuing...but no annual reviews/ restrictions on income and i can work on my credit rating with a small credit card s...

Yes, of course they could be holding out for a miracle! Seems strange to me given the uncertain times we're in, as there's a higher chance of job loss than a lottery win! Fingers crossed. If they decline theyl get less money in the long run..taking in to account fees and risk. Iv offered the outstan...

Its also worth mentioning, my contract states equity would have to be over 5k in order for it to be factored. A lot of people seem to believe the 12m extension is for anyone with a property whether they can release funds or not, but that isn't the case! It wouldnt be fair for a homeowner with little...

The 12 month extension is for those that have the equity but are unable to release it with a remortgage or loan.

Those that do not have sufficient equity do not get the 12m extension.

Having read my iva contract, the above is how I made sense of it

Hi Shaun They asked me to submit an online valuation and a redemption statement. The 85% stipulation means I would have around 2-3k equity. I've since found out TIX the insolvency exchange act on behalf of most of my creditors and this doesn't look to be a food thing. My increased offer was sent las...

Thanks foggy...il need it!

Very disheartened after a long wait to be told the expect another 3k but such is life. With Covid, redundancies and so much uncertainty i honestly thought they'd see the benefits of a cash sum.

Fingers crossed on the increased offer...il keep you posted!

Hi... after a painful 10 weeks the dreaded day arrived and my offer has been declined. I currently have 34 payments remaining at £120 = £4080. Based on redemption/ online estimates my property is excluded for insufficient equity purposes. The decision is based on an increased disposable income of £2...

Hi Foggy, Really appreciate the reply! My original debt was approx £15500. I can only find my proposal which states £2220 fee, 18% fees and 18p/£. This may have been amended slightly on the accepted proposal... which I cant find. I understand with regards to the mortgage side of things, although I u...

<r>Hi All,<br/> <br/> I have paid 28x £120 and due to having a mortgage with equity, I am tied in to my iva for 72x.<br/> £8640 of which I have paid £3360. A balance of £5280.<br/> <br/> A family member has offered to settle my iva, which I am a little reluctant to accept. However, if I did take thi...