can any-one tell me, and its only an enquiry at this stage - under what circumstances would creditors accept whats been paid already as a full and final settlement? I am 36 months into the IVA.
There is no cut and dried rule and all will depend upon the exact circumstances (as well as the influence of the moon on a particular day!).
Mine was settled this way following a marriage break up which left me a single parent and unable to make any payments. However, in my case, in early years I had managed to overpay and a PPI refund meant that what I had paid in by the half way mark was the promised dividend.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014