Get expert opinion. This is the place for new questions to be posted.
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Ahmedds71
- Posts: 1
- Joined: Mon Oct 24, 2016 7:57 pm
Can a friend can pay a lump sum on behalf of me ?
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Foggy
- Posts: 33396
- Joined: Fri Dec 17, 2010 11:14 am
- Location: United Kingdom
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Yes. They should make it clear that a lump sum is for a full and final offer only and, if the offer is rejected will not be available for the IVA.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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Lisa Thomas
Industry Expert
- Posts: 7759
- Joined: Wed Dec 03, 2014 10:26 am
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Yes it should roughly be based on the number of payments you have left (plus any 12 month extension regarding any equity clause if it applies)
Make sure it also states that any contributions paid in the meantime will be deducted form the lump sum if accepted.
