It is always better to try to get as near to the predicted return as possible, but allowing some rebate for admin costs the creditors would save over the next couple of years. I would say an offer in the region of £4.5k to £5k would be looked on favourably. That said -- it can never be predicted -- I have seen very low offers accepted as well as some very generous ones rejected -- much will depend on the individual creditors as well as how much of a "hit" they are already taking.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Make sure you offer it as a full and final offer and not a settlement.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk
