Can I negotiate a lump sum payment to each creditor direct or through the IVA company ?

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Neildd57

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Post by Neildd57 » Thu Jan 29, 2015 10:40 am
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after an IVA is set up can I subsequently negotiate a lump sum payment to each creditor to end the IVA early either direct or through the IVA administrator?
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ilikewatch

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Post by ilikewatch » Thu Jan 29, 2015 10:53 am
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Once the IVA has been set up you could propose this through the IVA administrator (a full and final offer).

It is possible to enter an IVA with the sole purpose of making a one-off full and final settlement of your debts.
"If you think it's expensive to hire a professional to do the job, wait until you hire an amateur."
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