Settlement offer

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ian32

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Post by ian32 » Wed Sep 03, 2008 5:05 pm
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Hello all. I have just asked for my IP for a final settlement figure for my IVA. I have had an email back today stating that based on the original dividend offered a £13000 offer would be mean my creditors would get back the same amount as if the IVA ran to its conclusion. I understand it is my decision how much I offer so I have asked them to offer £10,000. Is this a reasonable offer?

Also for the offer to be accepted how many creditors have to vote or does it just go on the majority?
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MelanieGiles

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Post by MelanieGiles » Wed Sep 03, 2008 6:06 pm
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I would be offering £13,000 if I were you, but at the end of the day the decision lies at the door of your creditors.
Regards, Melanie Giles, Insolvency Practitioner
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