Hi how likely is it that creditors accept a lump sum payment ?

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iva virgin

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Post by iva virgin » Fri Apr 29, 2016 6:46 pm
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Hi how likely is it that creditors accept a lump sum iva payment rather than a monthly payment over 6 years? Its my partner who will be entering the IVA so could I borrow this money to give to my husband as a gift so that he could pay the lump sum?
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kallis3

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Post by kallis3 » Fri Apr 29, 2016 7:04 pm
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They may well do - you need to speak to the IP company and explain how much is going to be offered but make sure they know that it is only available for that purpose.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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iva virgin

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Post by iva virgin » Sat Apr 30, 2016 8:19 am
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Thank you.
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Foggy

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Post by Foggy » Sat Apr 30, 2016 10:20 am
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As with most things, it will depend upon the numbers involved, but they do regularly get accepted.
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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