Is a F&F settlement based on the amount paid in or the full amount owed to creditors ?

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Beryl.01

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Post by Beryl.01 » Mon Apr 25, 2016 7:50 pm
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Is a F&F settlement based on the amount paid in over 5/6 years to the IVA company, or the full amount owed to the creditors?
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Foggy

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Post by Foggy » Mon Apr 25, 2016 8:13 pm
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It is based on the remaining number of payments multiplied by the monthly amount -- basically to give the creditors what they signed up for.
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

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Post by Lisa Thomas » Tue Apr 26, 2016 9:45 am
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based on the amount of payments left to pay. Depending on figures involved/timescales etc you can also try and offer a bit less too.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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