Thanks for the reply but as advised got in touch with experts and looking very good. Highly recommend

Hi my IVA started on 04/02/2019 and was completed via a full and final settlement on 29/01/2021 Like often happens living in an IVA causes strain on a marriage and I'm now in a situation where we are looking to get divorced and have to sell the house. I work full time and have a decent salary and no...

Just read your reply again? I have been paying in since the offer was made and the two payments made were not accounted for in the actual proposal. So initially when they rejected 1st offer 48 payments left not the 50 they thought. As far as I'm aware this was pointed out to them but they refused my...

Hi thanks for the reply. So they actually came back with an offer themselves after again rejecting your 2nd offer? If so hope yet then. Being in this IVA is awful and I know there is just no way I could do another 4 years! So they may come back offering say 6 months more in IVA regardless then it fi...

Ok guys so for a very long standing forum on Iva's we seem to know absolutely nothing about what happens if your IVA fails? Surely is this true? In an IVA we (certainly we were) are constantly threatened with bankruptcy and the wrath of creditors should it fail. In reality I do wonder, I really do? ...

Hi Foggy there is a good offer on tge table that has been ignored. Proposal now adjourned again and after that I'm stuck in the IVA. My question relates to creditors who buy debts. I appreciate that they have rights to the full amount owed but my research suggests that it may not permit them to add ...

Hi, I'm attempting to get out of my IVA with a f&f proposal but a major creditor Watch Portfolio Management rejected the offer and failed to respond to a counter offer. This looks likely to jeopardise the proposal. I read online that creditors who buy debts can only claim the full amount outstanding...

It is rather worrying that Foggy has also not heard of interlocking Iva's requiring seperate offer letters also. I have researched this and have not seen this mentioned anywhere. Our IVA is linked to both names and has one id number. I'm very reluctant to submit a new offer with two letters of small...

We have submitted a full and final offer on our joint IVA and before I submitted the offer I rang to check the procedure and was told by a staff member who wasn't my case worker that a letter making the offer as a gift with the actual signed letter as an attachment would be fine. I asked about addin...

Thank you so much for all of the great help and advice it is really appreciated and hopefully will answer the same questions for others. As we are still able to pay our payments I will add the clause that any additional payments from the date or e.g after the November 2020 payment are to be deducted...

Thanks for the reply, 15k has been offered and without taking too much advantage of this person I might just have to try for 16.5k as the 18k is a big ask but I'm aware the F&F offer process doesn't lend itself to upping the offer it seems to be a yes or no scenario. How does it work regarding ongoi...

Thanks again for your much valued advice, yes after the next payment in a couple of says it will be 51 payments left (sorry about original error). Original debt was 43k. Should I try to up the offer to say 18k or try the 15k as going back asking for more is rather awkward but still possible?

Just realised it is 51 months remaining not 54 sorry

Thanks again for the advice. A new development has now come about as we have explained the problem to relatives and someone is prepared to put up money for a full and final offer. The prospect of ending the IVA early is beyond belief and we are looking at a third party offer of 15k. Our current paym...

Thanks for the replies we are now having to consider all of our options and the future of this IVA. I did ask about failing the IVA and going into a DMP but they would give me no assurances on the risk of either the I.P or creditors petitioning for bankruptcy.