Settling Early

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gracey84

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Post by gracey84 » Thu Apr 03, 2008 10:37 am
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After reading through a few of the posts on the forum i've seen a number of people have made a final offer to their creditors to finish their IVa early. How does this work? Would I have had to pay extra into the account before offering this? How early can this be proposed?

I've been in my IVA 2years 3months, never missed a payment. My payments have always been between £350-£410 with £19k in total been owed from the beginning.

Thanks for any advice.
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MelanieGiles

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Post by MelanieGiles » Thu Apr 03, 2008 11:45 am
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Hi gracey

You will need to ask your IVA supervisor to provide you with a settlement figure based upon the dividend you originally offered - but how will you raise the money to pay this?
Regards, Melanie Giles, Insolvency Practitioner
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