Should I try F&F settlement?

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trionon

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Post by trionon » Mon Jun 16, 2008 12:13 pm
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well, this is interesting: just got reply from the case officer at PP and this is what it says:

Your outstanding balance is £49635.30, which includes the equity payment. If you offer close to that figure and it is accepted then your IVA is complete and you make no more payments. If you continue to make payments in the interim these will be deducted from the amount offered.

So, once again thank you everyone for helping me out on this with some additional information, looks like I've got some decisions to make....
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MelanieGiles

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Post by MelanieGiles » Mon Jun 16, 2008 2:57 pm
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I have to warn you that it this is actually the decision of your creditors and not the IP! If creditors feel that you can still make payments they will ask for them.
Regards, Melanie Giles, Insolvency Practitioner
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