I am offering a full and final. One year complete, five years to go. Do you think the IVA company would reduce there fees to support my lump sum offer. At the end of the day they have received the first 6 months payments and would be also be benefeting for an earlt conclusion
I sincerely doubt it. If the fees are on a time spent they will not be benefiting at all. If on a percentage basis they would be getting less anyway if the lump sum is less than the projected dividend should the IVA go to term.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
It may not be down to the IP firm anyway as creditors dictate the fees. They are usually a percentage of the contributions but if you pay in full the IP may be able to reduce their fee.
