Get expert opinion. This is the place for new questions to be posted.
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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
Can someone tell me how the full and final offers work? I will be in a position to stop the IVA soon but wondered how it works??
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Niobe
- Posts: 5169
- Joined: Tue Jul 03, 2012 9:56 am
- Location:
Hi,
You will need to offer as close to the original dividend as possible plus some fees.
You will also need to let the IP know where the money is coming from and provide proof and also let them know that the money will only be available for the full and final. They then call a creditor meeting to see if it is acceptable.
I thought you were struggling yesterday Mitch - I'm wondering how come you will suddenly be in a position to pay it off.
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mitch2311
- Posts: 247
- Joined: Tue Jun 12, 2012 1:53 pm
- Location: United Kingdom
My father in law is giving us £50,000 and also my nan has past away and have been told we will be getting a further £35,000 from sale of house. Crazy how you go from being skint to be given £85,000.
I guess its a stroke of luck,obviously not about my nan but after a family falling out i hadnt spoke to her her for 18 years.
