How well will I do on trying to close my IVA now ?

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Johndn96

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Post by Johndn96 » Tue Apr 26, 2016 7:57 pm
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I have an existing IVA running for 2years 6months and have a relative who is wiling to give me £6000 as a gift to close my IVA. I currently pay £150 per calendar month and have paid to my creditors nearly £10000 in PPI repayments, how well do you think I would do on trying to close my IVA now ??
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Foggy

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Post by Foggy » Tue Apr 26, 2016 8:14 pm
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You future payments equate to £4,500, so I would not offer any more than this -- the creditors are already well ahead of what they were expecting.
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 » Wed Apr 27, 2016 2:05 pm
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That's more than enough - you only need to base an offer around the remaining payments (plus any 12 month extension re equity).

Base the offer on that total, or less, not £6,000.
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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