What happens now I have had an early settlement offer accepted ?

[Andrewd2441]

I have had an early settlement offer accepted and been told over the phone that I have 30 days to pay. What happens next? Shouldn't I expect something in writing outlining this (or what should I ask for??)

[Foggy]

The IP will go through the normal closure process and, in due course, you will get a certificate of completion.

[kallis3]

Once you have paid the amount across then a completion letter should follow shortly.

[MrsR]

Hi Andrew,

When our f&f was accepted, they initially confirmed verbally, and then sent an email and a letter out to me to outline the 30 days to pay, as well as bank transfer details for sending payment over.

Once I had received this, we paid the funds, I called to check receipt of these- which can take up to 48 hrs to reach them- and they confirmed receipt verbally, via an email and a letter as well.

Got our certificate of completion the end of that month.

We had a large some paid over and we were so concerned that something could go wrong, but I just kept calling and checking every step of the way

[longslog101]

Peraonally I would wait until you have all details in writing. you wouldnt want to pay money in only to aubsequently find out they treat it as a windfall amount due to some admin screw up, you want it in black and white that upon receipt of said funds IVA is satisfied.... call me paranoid ! I would then send payment with letter that confirms payment of £xxxx is in full and final settlement of IVA ref number bla bla bla only.

[luluj]

Ask for it in writing then pay ..once all received they will action the closure process and it will all go through.

Congratulations by the way!